Auto lenders are often limited by outdated and stagnant loan origination systems. Post-recession industry growth has made the problem even more formidable as new lenders look for affordable, flexible ways to find a loan origination solution.
This kind of automated technology was once only reserved for larger corporations—with the budgets to match—but as the technology has progressed, and become more affordable, its availability has opened up to companies of all sizes. In fact, automated software has become so common that manual decisions are becomming the exception rather than the rule. First and foremost, among the automated technologies that auto lenders are using to shorten decision times is loan origination software.
This transition to technology is a natural progression. Auto lenders want to take advantage of every avenue they have, including the kind of simplified software that didn’t exist, or wasn’t available to them, ten years ago. Lenders are looking for something that they can implement that meshes well with their existing business policies and processes.
defi SOLUTIONS Is Here to Help
Here is where defi SOLUTIONS comes into the equation. Our software enables lenders to respond quickly to loan applications and improve their existing auto lending programs. The software allows lenders to focus on the actual lending part of business by taking care of the more technical aspects of processing and decisioning loan applications. Our technology offers the speed and performance to make the loan origination process as simple as possible, and we can implement the technology in months, not years.
The defi SOLUTIONS loan origination system seamlessly integrates with Dealertrack, RouteOne, LexisNexis, Equifax, TransUnion, Experian, Black Book, NADA (now J.D. Power), Kelley Blue Book, Factor Trust, and other third-party data providers. This information is helpful in analyzing borrowers and their loan applications, and determining whether or not financing a specific auto loan is a smart business decision.
At defi SOLUTIONS, our clients have been highly satisfied with our loan origination software, and how it has expedited their loan decisioning processes. We have received glowing feedback, such as “The more I use the system, the more it amazes me with all that we are able to do!,” and “We had a meeting and completely revamped how we wanted to do our scorecard. I had it tested and implemented in production in under an hour. Everyone was shocked!”
Bottom line, we have proven results with the speed, efficiency, and ease-of-use of our system.
When you switch to us, you get a chance to actually focus on your business, rather than on the painful issues that come with less efficient, less integrative loan origination systems.
defi SOLUTIONS provides configurable loan origination systems, loan management and servicing, analytics and reporting, and a wide range of technology-enabled BPO services. If you’re struggling with the limitations of your current lending technology solutions, take the first step in realizing the benefits of modern technology. Contact our team today or register for a demo.
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