Farmington Hills, MI — RouteOne LLC recently announced that it enters the new year with 250 finance sources signed to its Web-based credit application management system, which is up nearly 75 percent from early 2007.
"The tremendous growth in the number of finance sources available within such a short period of time shows that finance sources recognize the value RouteOne provides them and their dealer customers," said Mike Jurecki, RouteOne CEO. "Our agreements with these valued lenders provide our dealers more purchasing power than any other competing platform."
Dealers affiliated with RouteOne owners Chrysler Financial, Ford Motor Credit Company, GMAC and Toyota Financial Services use RouteOne exclusively to process their captive credit applications. Dealers also utilize RouteOne to send applications to non-captive finance sources at a rapidly increasing pace. Non-captive application volume on RouteOne has risen a dramatic 180 percent within the past 12 months.
"We see the leap in volume as a strong indicator that our dealers are recognizing all the advantages that use of RouteOne offers," Jurecki said. "This is an important validation of our system, processes and position in the industry."
In addition to providing access to both captive and non-captive finance sources through a single portal, RouteOne offers a wide variety of tools to assist the dealer in managing their day-to-day business, such as a detailed reporting suite, DSP integration and credit bureau access, all within a single desktop application. RouteOne's open-integration business model allows the dealer to integrate with their choice of a wide variety of best-in-class partners, including dealer management systems, CRM systems, F&I modules and menu providers.
RouteOne Adds Union Bank & Trust to Its Credit Application Management Platform
RouteOne LLC announced that Nebraska-based prime lender Union Bank & Trust has joined the growing roster of finance sources on RouteOne's Web-based credit application management system. Union Bank & Trust is ranked within the top 100 auto finance lending institutions nationally.
"Union Bank and Trust believes in arming their dealers with best-in-class tools for managing their business," said Mike Jurecki, RouteOne CEO. "We're proud to assist Union Bank and Trust in providing accelerated credit application management services to its dealer customers."
"Union Bank and Trust is excited about our relationship with RouteOne and expanding our market in the Midwest," said Jeff Vander Linden, senior vice president, Consumer Lending. "We are confident that RouteOne will enhance our ability to provide excellent service to the dealers in our market."
For more information about the company, visit www.routeone.com.