LOS ANGELES and CARMEL, Ind.
— Automotive Finance Consumer Division LLC (AFCD) and Nowcom Corp. announced
today they will complete
integration of their dealer management system, Dealer Desktop, by the beginning
of the second quarter 2009. As a result, dealers will have access
to new lender opportunities on the XpressCredit lending platform through Dealer
Desktop.
"This new partnership brings additional
lenders to our platform, which during these tough economic times, puts us in
the position to become the leader in the independent dealer market. With this,
we anticipate adding both partners and marquee lenders to our DMS
platform." says Rufus Hankey, president of Nowcom. "Nowcom's business
is currently successful because our dealer base values our technology and
products, and this new partnership will only add to that."
Margot Hanulak, president of AFCD comments, “We
are excited about the expansion of product offering to our dealers through this
new relationship with XpressCredit and the integration with Dealer Desktop.”
XpressCredit is a provider of a Web-based,
indirect lending platform. Its patent-pending solution links lenders with auto,
motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and
collateral provides the ability for lenders to evaluate applications quickly
and efficiently.
“We are excited about this new partnership with
AFCD and Nowcom,” says Paul Gignilliat,
XpressCredit founder and CEO. “AFCD and Nowcom dealers who use
Dealer
Desktop
will
have enhanced lending opportunities and additional compliance support that will
positively impact their performance.”
Along with the new lending platform, Dealer
Desktop also provides independent dealers with access to credit reports, book
values, inventory management and all the essentials to run a commercial car
dealership.
