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XpressCredit Partners With Allied To Offer Allied’s Financial Institutions Access
To Powersport Loan Applications
September 01, 2008
XpressCredit and Allied Solutions added another product to their partnership. XpressCredit, a Web-based Credit Aggregation System is used by more than 400 motorcycle, ATV, snowmobile and personal watercraft dealers. XpressCredit automates and accelerates the indirect financing process between powersports dealers and lenders. Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions.
As partners, XpressCredit brings additional powersport dealers to Allied Solution’s more than 3,700 financial institutions. Since XpressCredit provides dealers with the technology to pass pre screened credit applications to multiple lenders, Allied Solution’s financial institutions will have the opportunity receive loan applications that meet their underwriting parameters. As a participating finance source on the XpressCredit platform the Allied Solution’s financial institutions will gain immediate access to franchised powersports dealers located within their footprint.
"We are excited to build upon our Allied Solutions relationship. XpressCredit is proud to be a leading driver in the growing powersport industry and grow our already successful relationship with Allied," Mark Louer, Executive Vice President XpressCredit commented.
"With today’s market conditions the timing could not be better to introduce this new indirect lending offering to our financial institution clients. They will now have an opportunity to take advantage of this growing market segment by leveraging Xpress Credit's technology and extensive dealer network to acquire new loans," said Pete Hilger, Executive Vice President, Allied Solutions.
About Allied Solutions
Allied Solutions is a leading insurance and financial services company that has been working with financial institutions for more than 27 years. Allied Solutions currently has business with more than 3,600 financial institutions around the country. Allied Solutions represents a variety of product providers, all of which maintain high ratings for financial strength. Allied Solutions (www.alliedsolutions.net) is a wholly-owned, independently-operated subsidiary of Securian Financial Group (www.securian.com). |