TCI Releases Interface with DealerTrack
HAUPPAUGE, N.Y. -- Teledata Communications Inc., a provider of Internet-based loan origination software that automates the underwriting workflow process for lenders, has released a version of DecisionLender that can interface with DealerTrack.
HAUPPAUGE, N.Y. -- Teledata Communications Inc., a provider of Internet-based loan origination software that automates the underwriting workflow process for lenders, has released a version of DecisionLender that can interface with DealerTrack.
DecisionLender’s customers, which include banks, credit unions and finance companies, con elect to join the DealerTrack system to receive loan requests submitted directly from dealers.
Upon receiving a loan application from DealerTrack, the file is automatically prepared for credit analyst review by retrieving credit and auto valuation data, calculating loan ratios and evaluating risk against the lending institution’s specific criteria.
Lenders can choose the option of having DecisionLender automatically decision loan requests according to the specific parameters of each financial institution. DecisionLender can also integrate with a lending institution’s core processing system, and has the capability of generating loan documents and letters of declination.
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