FARMINGTON HILLS, Mich. — RouteOne LLC announced Monday that it has launched the first phase of integration with Aimbridge Lending Solutions, a Colorado-based credit union aggregation service supporting more than 200 credit unions nationwide.
The integration will allow RouteOne dealer customers to send and receive credit applications to those credit unions served by Aimbridge, a provider of lending technology and premium services to credit unions across the United States.
Integration with RouteOne will be completed in two phases to cover the majority of Aimbridge's markets nationwide. The first phase includes integration with dealers in Colorado, Michigan, Georgia and Ohio to select credit unions in these markets. The second phase of integration will provide access to additional markets, and is planned for launch by the end of Q1 2009.
"The integration to the Aimbridge network provides our dealer customers a wider variety of funding options and, at the same time, allows RouteOne to assist Aimbridge in growing its automotive business," said Mike Jurecki, RouteOne CEO. "In this challenging economy, we are pleased to offer our dealers even more financing options on the RouteOne platform."
"Automotive loans have always been an integral source of revenue for the credit union industry, and Aimbridge is committed to helping credit unions maximize their business in the auto loan segment," said Stephen Bentley, founder of Aimbridge. "Our strategic partnership with RouteOne will help our credit union clients increase their loan opportunities while maintaining a high capture ratio - it is a win-win situation."