First American CREDCO's Information Solutions Now Available on DealerTrack
First American CREDCO, provider of specialty credit reports to the automotive industry, has announced the integration of its credit reporting and consumer information services with the DealerTrack(tm) auto finance platform.
According to the company, DealerTrack customers can now order credit reports, FICO® scores, OFAC screening and fraud alerts from any of the three national credit bureaus (Equifax®, Experian® and TransUnion) using First American CREDCO.
First American CREDCO's existing relationship with The Reynolds and Reynolds Company also provides dealerships on the Reynolds ERA® system access to CreditMaster® services through the DealerTrack platform. First American CREDCO says it is the backend credit information provider for Reynolds and Reynolds' CreditMaster, the credit-reporting tool within the ERA system.
According to the company, the integration further enhances DealerTrack's end-to-end financing solution, which allows dealers to retrieve consumer credit information, electronically complete and submit credit applications, and receive instant credit decisions from the broad range of financing sources participating on the platform. The integration also eliminates the need to rekey customer data on multiple systems, thereby reducing data entry errors, says the company.
"We are pleased to offer our customers the added convenience of accessing our consumer information products on DealerTrack," said Eric J. Rumsey, president of First American CREDCO's Automotive Division. "DealerTrack's innovative system, combined with First American CREDCO's leading menu of information services, connects the dealership with the resources needed to close sales successfully, while boosting profitability by reducing the time spent on each sale."
The integration of First American CREDCO's services with DealerTrack's platform is the result of the March 2003 merger between DealerTrack and Credit Online, Inc., a subsidiary of First American Credit Management Solutions, Inc.
About DealerTrack
With more than 20,000 dealers and 40 lenders currently connected, DealerTrack is an independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. 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 First American CREDCO
First American CREDCO, a member of The First American Family of Companies, says it processes millions of credit transactions annually. The company is a provider of specialty credit reports to the mortgage, consumer finance and automotive industries. First American CREDCO serves a broad range of lending and retail markets with a variety of business information products and services.
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