F&I Administration Integrates With PEN
Provider Exchange Network announced that F&I Administration Solutions LLC has completed a PEN Certified Interface, providing coordinated integration and support of PEN-enabled dealer systems.
TROY, Mich. — Provider Exchange Network (PEN), a division of Open Dealer Exchange LLC, announced that F&I Administration Solutions LLC has completed a PEN Certified Interface, allowing dealers to electronically rate, contract and register contracts for all providers using the SCS Auto administration solution.
“Our connectivity to any dealer system or menu will assist F&I Admin’s customers in increasing sales and managing all products in one system,” said Mark Virag, managing director of PEN. “PEN’s partnership with F&I Admin will also greatly benefit their customers by ensuring a coordinated integration and support of PEN-enabled dealer systems such as MenuVantage, and soon Reynolds & Reynolds and ADP DMS systems.”
PEN is an electronic data exchange that integrates the F&I product provider with the dealer’s point-of-sale system, whether through a menu or directly with the dealership management system (DMS) desking software, according to the company. Functions include electronic ratings, forms preparation and contract origination.
“We are very pleased to have completed the PEN Certification,” said David Trinder, CEO of F&I Administration Solutions. “This connection further expands the reach of F&I Admin and continues with our philosophy of giving dealers every possible way to work electronically with providers.”
For more information, visit www.providerexchangenetwork.com.
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →