Bozeman, Mont. Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination solutions, has announced the launch of its new automated negotiation system. The system is designed to increase acceptance rates for lenders by providing accurate and timely loan information.
Zoot’s solution promises to analyze consumer credit requests, obtain credit reports from appropriate credit bureaus and provide information necessary to make credit decisions. The company stated that, in 2007, more than 98 percent of their transactions were processed in two seconds or less.
“With the decrease in auto sales forecasted for 2008, it is imperative to capture leads by offering the most immediate and timely information before the dealer chooses to seek a different lender,” said Chris Nelson, CEO of Zoot Enterprises. “Zoot is committed to matching even the most challenging loan requests to cater to each borrower’s specific requirements, dramatically accelerating the closing process.”