NORTH SYRACUSE, NY, February 26, 2009
/24-7PressRelease/ -- XpressCredit today announced that it has partnered with USA Auto Loans. XpressCredit will provide its patent-pending technology as a web-based indirect lending platform for USA Auto Loans network of dealers. Dealers will benefit from the XpressCredit profit calculator, book out tools, access to lenders, collateral valuations, credit reports and F&I menu selling system.
"With an easy-to-use web-based lender portal, managed by a set of business rules provided by the lender, the dealer is able to effectively and efficiently have paper placed to the right institutions," said managing partner Jim Formanek. "Dealers are able to complete a simple e-application by visiting the USA Auto Loans website."
XpressCredit EVP, Mark Louer, said "This affiliation provides our valued partner, USA Auto Loans, opportunities for their dealers to turn more inventory, gain efficiencies and provides greater access to lenders. We value our relationship with Mike and his team."
About USA Auto Loans
Tampa, FL based USA Auto Loans was created to provide new and used car dealers with valuable products and services to help increase the bottom line in these challenging times. With the automotive industry evolving and retooling itself, USA Auto Loans is in the marketplace to help connect the independent dealer with sub-prime through prime with lenders, dealer floor plan lines of credit, service contracts, warranties, Red Flag compliance issues, marketing, advertising, training, and innovative technology systems. For more information about the company, go to http://www.usaautoloans.biz , text the word LENDERS to 90901 on your smart phone or call 1-877-447-0462.
About XpressCredit
XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently. Founded in 1999, XpressCredit is a New York corporation headquartered in Syracuse, NY. For more information or to register, go to http://www.xpresscredit.net or contact Mark W. Louer, Executive Vice-President (315) 634-5101 x206, mlouer@xpresscredit.net.
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