interSTATE NET BANK Automates Auto Finance through DealerTrack
interSTATE NET BANK (ISNB) on Jan. 12 announced that it will be one of a growing number of Internet banks to join the DealerTrack online auto finance platform.
New Jersey-based ISNB says it combines personalized service with a Web-enabled technology platform. It will leverage DealerTrack to offer its automotive dealer customers the ability to electronically submit credit applications and receive fast responses on decisions.
"DealerTrack provides ISNB with a 'ticket to play' in the franchised auto dealer market," said Larry Chiavaro, senior vice president for ISNB's Auto Financial Division. "Providing our dealer customers with prime, nonprime, and subprime financing options through an automated application and lending platform allows ISNB to compete on a national level."
Dealers using DealerTrack can also monitor application status changes, access low-cost consumer credit reports and process contracts electronically. Dealers can also take advantage of other time-saving functionality offered through DealerTrack, such as direct payoff quotes, dealer reserve and integration between DealerTrack and their DMS provider.
About DealerTrack, Inc.
With more than 22,000 dealers and more than 60 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. 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 interSTATE NET BANK
ISNB opened for business on May 22, 2001 as the first New Jersey state-chartered commercial Internet Bank. In two-and-a-half years, ISNB has grown to more than $150 million in assets, making ISNB one of the fastest growing banks in the United States.
The bank says it combines personalized service with a Web-enabled technology platform as a provider of commercial banking products and services to small and medium-sized businesses in its initial targeted market area of New Jersey, eastern Pennsylvania, and northern Delaware.
The Auto Financial Services division recently commenced a national origination strategy, offering dealers and small finance companies a full spectrum of prime and nonprime loans.
More Digital

Zurich Launches Advisor IQ for F&I Manager Coaching
The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.
Read More →
F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →
Need for Speed: EV Apps Lack Consistency
Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.
Read More →
Four Keys to Your Digital Trail Defense
Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.
Read More →
Hyundai Hosts Tech Talent Forum
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Dealers Seek Actionable AI
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Reahard & Associates Forges New Integration
The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →
Automotive Training Academy by Assurant Grows Offering
A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.
Read More →
Assurant Debuts Virtual Solution for Dealers' Staffing Challenges
Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.
Read More →