SYRACUSE, NY, May 08, 2009
/24-7PressRelease/ -- XpressCredit announces its association with East Coast Funding Group of Great Neck, NY. East Coast Funding has adopted XpressCredit's patent-pending technology, including their Credit Aggregation System (CAS) as well as their Loan Origination System (LOS). Additionally, dealers on the XpressCredit platform will have access to East Coast Funding as a new lending source.
"We're excited to have this NY lender utilizing our technology to streamline their backend processes. The features and functionality of our platform gives East Coast Funding Group the ability to finance more loans and create additional revenue with less expense." said XpressCredit Executive Vice President, Mark Louer.
Mike Danzi, President of East Coast Funding Group said, "The XpressCredit platform has been a great tool for opening up additional markets for us and thereby enhancing our profitability. With their responsive technology team, hard filtering processes and auto-decision technology this was an easy choice to make."
About East Coast Funding Group
EAST COAST Funding Group services both new and used car dealers. We originate, purchase and service retail automotive installment contracts. We guarantee increased profits to dealer's bottom line with simple and effective tiered finance options covering the entire spectrum of credit challenged customers. EAST COAST is owned, managed and operated by seasoned automotive professionals. For more information on their products and services visit http://www.eastcoastfund.com or call (516) 829-7570 marketing@eastcoastfund.com
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. Filtering of the applicant data and collateral provides the ability for lenders to evaluate applications quickly and increase approvals and look-to-book. Founded in 1999, XpressCredit is a New York corporation headquartered in Syracuse, NY. For more information visit http://www.xpresscredit.net or contact Mark W. Louer, Executive Vice-President (315) 634-5101 x206, mlouer@xpresscredit.net.
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