NORTH
SYRACUSE, N.Y. — A new partnership between XpressCredit, a Web-based credit
aggregation system, and Allied Solutions, a provider of insurance, lending and
marketing products to financial institutions, will bring loan applications from
more than 400 powersports dealers to Allied’s more than 3,700 financial
institutions.
"We
are excited to build upon our relationship with Allied Solutions. XpressCredit
is proud to be a leading driver in the powersport industry and to grow our
successful relationship with Allied," Mark Louer, executive vice president
of XpressCredit, commented.
XpressCredit
automates and accelerates the indirect financing process between powersports
dealers and lenders by providing dealers with the technology to pass filtered
credit applications to multiple lenders. With this process, Allied Solution’s
financial institutions will have the opportunity to receive loan applications
that meet their underwriting parameters.
As
participating finance sources on the XpressCredit platform, the Allied
Solution’s financial institutions will gain immediate access to franchised
powersports dealers located within their footprint.
"With today’s market conditions the timing could not be better to
introduce this new indirect lending offering to our financial institution
clients. They will now have an opportunity to take advantage of this growing
market segment by leveraging XpressCredit's technology and extensive dealer
network to acquire new loans," said Pete Hilger, executive vice president
of Allied Solutions.
