Lender Benefits

Premier's focus is to provide products and services that increase revenue and loans booked for automobile lenders, credit unions, banks, and sub-prime lenders throughout the United States. Premier's products allow clients to increase their loan volume, enhance productivity in back office operations, improve look-to-book ratio, and provide better customer service.

The company's patent pending software, the XpressCredit lending platform, provides clients with the ability to quickly and efficiently extend credit to consumers and members through the Internet, at dealerships, in a kiosk, or over the telephone. All of our products are delivered as an Application Service Provider (ASP) alleviating the need for clients to purchase expensive hardware, software, and maintenance contracts while avoiding additional technical hires.

The XpressCredit system speeds pre-qualification and automates the credit-decision process and workflow. XpressCredit's platform is the only software package that is customizable to meet a lenders unique underwriting criteria, plus real-time communications between lender and dealer, via instant messaging, accelerating the loan closing process (complete in minutes vs. hours).

XpressCredit will pre-screen, based on your criteria for the dealer, consumer, and collateral requirements. You only receive transactions that you want to look at -- increasing your look-to-book.

Dealer pre-screen includes 14 separate criteria, including...

  • independent/franchise
  • years in business, revenue
  • cars sold, inventory
  • geographic footprint
Consumer pre-screen has 30-plus criteria, including...
  • FICO score
  • debt/income
  • LTV
Collateral pre-screen includes 15 criteria, such as...
  • age of car
  • mileage
  • book value
The Lender has the flexibility to monitor and modify the  pre-screen criteria to increase or decrease the number of applications. XpressCredit will increase look-to-book and reduce processing costs,  credit reports, and overhead.

XpressCredit pre-screens dealers using approved/target lending area criteria. Deals from dealerships that do not meet a lender's parameters or are outside a lender's region will not be presented. This saves a lender time and effort on dealer due diligence and unnecessary processing costs.

XpressCredit provides incremental loan/deal flow from independent and franchised dealers. A successful lender defined pre-screen using dealer, consumer, and collateral criteria presents only the applications that meet your criterion.

As a lender, you will pay only for funded transactions. There are no application fees or approval fees. You only pay us if we are successful for you.

Request More Information to learn about the advantages of XpressCredit for your organization.

 

  
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