SYRACUSE, NY, July 15, 2009
/24-7PressRelease/ -- XpressCredit today announces its association with Consumer Auto Finance of Waco, TX. Consumer Auto has adopted the XpressCredit Credit Aggregation System (CAS) and has become a lending source for the auto dealers on the XpressCredit platform in Texas.
"The addition of Consumer Auto Finance as a lending source on the XpressCredit platform provides a great opportunity for our Texas auto dealers to turn more inventory and raise profit levels. The dealers on the XpressCredit aggregation platform, will make a positive impact on Consumer Auto's loan volume and profitability." said XpressCredit Executive Vice President, Mark Louer.
Adam McKee, Credit & Underwriting Manager at Consumer Auto Finance added, "Consumer Auto Finance is excited to partner with XpressCredit and is looking forward to utilizing their CAS as a tool to efficiently filter and decision indirect financing contracts while simultaneously expanding our dealer base."
About Consumer Auto Finance, Inc
Consumer Auto Finance, Inc. is a specialty finance company that purchases retail installment sales contracts from auto dealers wishing to secure financing for non-traditional borrowers. Consumer Auto Finance provides a financing option for borrowers who cannot obtain traditional financing due to low income, limited credit history, or prior credit problems - including repossession and bankruptcy. For more information on their products and service offerings visit http://www.consumer-auto.com or call (254) 772-6672.
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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