Lender Products & Services

XpressCredit is a provider of an Internet-based software platform used by the auto, marine, RV and motorcycle dealers as well as many other industries where secured or unsecured loan products are offered. We utilize the Internet to link dealers with banks, finance companies, credit unions and other financing sources. XpressCredit has an established and growing network of active relationships with dealers and lenders.

XpressCredit patent-pending software allows our customers to create multiple loan products and multiple credit applications within each loan product. Choice of credit bureaus, multiple decision trees (90 available decision criteria), multiple queues after decision (approved/decline, tentative approval/decline, pend waiting additional information, fraud, etc.), and creation of legally approved contracts are standardized. Long-term electronic storage of applications, credit scorecards, and credit bureaus can be accessed at any location across the globe with an Internet connection and proper security.

Credit Aggregation System (CAS)
The XpressCredit CAS is used by more than 2,000 auto dealers and 400 powersport dealers in 40+ states. As a unique, cost effective, patent pending solution, XpressCredit automates and accelerates the indirect financing process between dealers and lenders.

Benefits include:

• Pay for performance – fees incurred on funded loans only
• More than 200 hard filters - filter applications by consumer, dealer and collateral
• Instant Access to More Dealers - Add dealers and loan volume without traditional origination costs
• No Software or System Integration - No additional software to purchase, install, maintain, or upgrade. Your organization can be accepting more applications in minutes.
• F&I Menu - Customize your own F&I menu system to sell more back end products.
• Custom document support - Your custom documents integrated and formatted for pre-population.
• Custom stipulations - You define your stipulations and decline codes.
• Discounted Credit Reports - pull inexpensive credit reports through Credco. Through group pricing we offer real time credit access in seconds for a fraction of the typical cost.

Loan Origination System (LOS)
The XpressCredit LOS streamlines application delivery from origination to funding. The result is the ability to grow the number of loans underwritten and funded. Our solution is an easy to use, web-based software that will save your back office time and money while streamlining your underwriting.

With the XpressCredit LOS you can:

• Consistently underwrite loans
• Increase the number of applications underwritten without adding staff
• Minimize costs while increasing revenue
• Enhance loan tracking and reporting capabilities
• Reduce duplicate data entry and paperwork

Enhance your Look-to-Book Ratio with XpressCredit!

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