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Exeter Finance Joins RouteOne

October 06, 2010

FARMINGTON HILLS, Mich. — RouteOne LLC has completed integration with Texas-based Exeter Finance Corp., a specialty auto finance company that provides financing services to select franchised auto dealers.

Exeter dealers may now send their credit applications electronically through the RouteOne platform, as well as access credit bureaus, verify contract statuses and manage the entire scope of their credit application process.

Exeter's underwriting and verification teams work in local branches, rather than a centralized facility, enabling personal service and continuous access to decision-makers. Exeter recently opened branches in the Atlanta and Philadelphia markets in addition to its current locations in Irving, Texas; Independence, Ohio; Paramus, N.J.; Schaumburg, Ill.; St. Louis, Mo.; and Manchester, N.H.

"Joining the RouteOne platform will enable a greater level of ease, access and convenience for our dealers during transactions," said Mark Floyd, CEO of Exeter. "We strive to provide exceptional service to all our dealers through our proven branch model of local underwriting, funding and relationships, and are confident that the integration with RouteOne will be a boost to our organization."

"We welcome Exeter Finance Corp. to our platform," said Mike Jurecki, RouteOne CEO. "It's important to us to provide our dealers with the widest variety of finance sources possible. The addition of Exeter Finance Corp. allows us to expand our lender base and better serve our dealer customers."

Exeter reached $100 million in total originations in May 2010.

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