M&I Dealer Finance, Inc., has joined the growing list of financial institutions utilizing the DealerTrack™ auto finance platform. M&I will leverage the platform to accelerate service to its more than 1,500 dealer customers.
Through the DealerTrack platform, dealer customers of M&I will have the capability to submit credit applications 24 hours a day, seven days a week, as well as monitor their real-time status. DealerTrack's platform also allows dealers to request credit reports from the major reporting agencies.
Also important for M&I customers, DealerTrack now helps eliminate double data entry. DealerTrack is able to integrate information from its platform with leading dealer management systems.
"DealerTrack puts us ahead of the curve in the auto financing arena," said Douglas Hempel, director of M&I Dealer Finance, Inc. "By automating the credit process, we expect to see improvements in volume and a reduction in associated costs."
"We are excited to welcome yet another quality lending institution like M&I Dealer Finance, Inc., to our growing family of financing sources," said Mark O'Neil, president and CEO of DealerTrack, Inc. "We will continue to assist both dealers and their financing sources in making the credit process fast, easy and efficient."
About DealerTrack, Inc.
With more than 21,000 dealers and more than 50 financing sources currently connected, DealerTrack is an independent Web-based platform
designed to automate and accelerate the entire automotive financing process.
The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting and lease comparisons, all in one integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit report access.
More information on DealerTrack is available
at www.dealertrack.com or by calling (877) 357-8725.
About M&I Dealer Finance
M&I Dealer Finance, Inc., is a full service retail and lease provider headquartered in Milwaukee, Wis.
M&I Dealer Finance offers financial products and customer service to more than 1,500 automobile dealerships in Arizona, Illinois, Indiana, Iowa, Michigan, Minnesota, North Dakota and Wisconsin.
For more information, visit www.mibank.com/dealerfinance.
M&I Dealer Finance, Inc., is a subsidiary of Marshall & Ilsley Corp., a diversified financial services corporation with $33.7 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank has 203 offices throughout Wisconsin.
In addition, M&I has 28 locations throughout Arizona, 10 offices in metropolitan Minneapolis/St. Paul, and locations in Duluth, Minn., Las Vegas, Nev. and Naples, Fla. M&I's Southwest Bank affiliate has six offices in the St. Louis area and one office in Belleville, Ill.
Metavante Corp., Marshall & Ilsley Corp.'s wholly-owned technology subsidiary, is a financial services enabler, providing the technology an organization needs to offer financial services.
M&I also provides trust and investment management,
equipment leasing, mortgage banking, asset-based lending, financial planning, investments and insurance services from offices throughout the country and on the Internet.
