XpressCredit is a provider of internet-based platform linking dealers from a wide variety of industries to financing sources. Our aggregation platform is used by auto, marine, RV and motorcycle dealers as well as many other entities where secured or unsecured loan products are offered. We link these dealers to banks, finance companies, credit unions and other sources.
Additionally we provide loan origination software that allows our financing customers to create multiple loan products and multiple credit applications within each loan product. Choice of credit bureaus, multiple decision trees (more than 200 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 standard. Long-term electronic storage of applications, credit scorecards, and credit bureaus can be accessed at any location with an Internet connection and proper security.
There are 3 distinct products available to lenders to streamline processes and lower operating costs to enhance profitability:
The XpressCredit CAS is used by thousands of auto dealers and hundreds of powersport dealers in more than 40 states. As a unique, cost effective, patent pending solution, XpressCredit automates and accelerates the indirect financing process between dealers and lenders.
|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 all three major bureaus. Through group pricing we offer real time credit access in seconds for a fraction of the typical cost. Addition combined reports available through Credco|
XpressCredit’s FacTrack™ Identity Verification Tool is a highly flexible tool for financial institutions to verify and cross reference customer information. The integrated employment, pay stub and budget tools analyze application data for discrepancies and highlight problem areas for additional review. A score is determined based on the verification results to confirm authentication of stipulations. The tool features the ability to have questions, answers and the related scoring system customized to any lender’s criteria. A comprehensive system for building custom forms allows verifier notes to be added and updated on any field. Upon completion of the process, the FacTrack verification report can be printed, emailed and archived.
FacTrack Value Proposition
|© 2013 Premier Internet Communications, Inc.
XpressCredit.net is a wholly owned service of Premier Internet Communications, Inc.
We protect your privacy and security.