GrooveCar Connects to Dealertrack Credit App Network
Credit unions using GrooveCar will now receive credit applications in their AppTrac system through Dealertrack’s credit application network. Participating credit unions will also be able to send loan decisions back to dealers through the network.
HAUPPAUGE, N.Y. — GrooveCar Inc., a national auto buying resource for the credit union industry, announced this week that its AppTrac system is now connected to the Dealertrack credit application network. Officials said the Dealertrack network will play an integral role in GrooveCar’s future expansion plans.
Through the expanded process, credit unions using GrooveCar will receive credit applications in their AppTrac system. They will also be able to send loan decisions back to dealers through the Dealertrack network.
Initially, the Dealertrack credit application network will be available for activation by New York- and California-based credit unions, and access to the network can be purchased as part of the national roll-out of GrooveCar’s service offerings later this year.
“We always came back to the fact that we have long been an innovator in the credit union loan origination arena,” said GrooveCar CEO David Jacobson. “Our teaming with Dealertrack, the national leader in automotive financing technology and services, was a natural partner that will benefit all parties."
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