SAN DIEGO –- Curomax Ltd. has entered into an agreement to implement eOriginal Inc.’s e-contracting technology as part of its online dealer finance applications for Canada and the United States.
Since its inception in 2000, Curomax has allowed dealers and consumers to create and access electronic contract forms through its Web applications. The addition of electronic signatures and the resulting "Authoritative Copies" are the next steps in the evolution of the Curomax platform.
"Curomax applications offer dealers and lenders an integrated solution designed to support not only rapid credit-decision response, but also the efficient funding of a loan or lease and resulting payment to a dealer," said Alan H. Bird, president and CEO of Curomax.
eOriginal has led the long-term development of fully electronic transactions which now makes it possible for this new form of e-commerce to gain wide acceptance across the dealer finance industry. Curomax e-contracts will be available for automotive, marine, recreational vehicle and power sport lending transactions financed by its lender partners.
"eOriginal continues to fulfill the security, technology and compliance needs for dealership-based, on-line lending throughout North America," said Steve Bisbee, president and CEO of eOriginal. "Curomax and its participating lenders may now originate and securely transfer e-contracts via the Internet to a lender's data center utilizing our Vault-in-a-Box offering."