Ft. Lauderdale, Fla. – Southern Auto Finance Company, a provider of automotive financing to credit-challenged customers, has chosen TCI's DecisionLender software to automate and improve its indirect lending activities. TCI is a developer of finance information systems for small to mid-size lenders.
“At SAFCo, our goal is to make subprime financing as simple and efficient as possible, and we look to accomplish that by matching close, personal service with world-class systems,” said George Fussell, president of SAFCo. “DecisionLender allows us to do just that. It offers the sort of versatile, powerful solutions that our dealer customers would typically expect only from a large, national lender, and gives us a combination of talent and technology that is unsurpassed in the special finance industry.”
DecisionLender is a real-time, Web-based loan origination and automated processing solution that is used by credit unions, banks, finance companies and other lenders. SAFCo will implement the new platform in the second quarter of 2007.
Upon receiving a loan application, DecisionLender automatically prepares the file for a credit analyst's review by retrieving credit- and product-related valuation data, calculating loan ratios and evaluating risk against SAFCo’s specific criteria. Moreover, DecisionLender will apply SAFCo’s unique rules and parameters to each loan application, assuring that the company adheres to its own set of best practices.
"We are very pleased that SAFCo has chosen DecisionLender and are confident that [the company’s] dealers and staff will be pleased with the ease-of-use, speed, reliability, security and flexibility of our web-based DecisionLender system," said William S. Nass, president of TCI.