Online lender Solex LLC, Idaho Falls, Idaho, announced Wednesday (Sept. 26) a partnership with Advantage Credit International to provide automated credit reporting for recreational vehicle and marine loans approved through Solex’s financing and insurance software.
Through the partnership with Pensacola, Fla.-based Advantage Credit, both dealers and lenders have access to complete credit reports from the three credit reporting bureaus resulting in instant financing options for qualified buyers and compliant loan documents for the lender.
“With the growth in RV and marine purchases, we offer dealers and lenders an easy, automated way to quickly obtain the relevant credit data for any customer,” said Kelly Gontarski, vice president of marketing for Advantage Credit. “The combined technology offering and expertise of both Advantage Credit and Solex helps close more loans with the terms that are most beneficial to the customer, the dealer and the bank.”
Gontarski said the partnership with Solex was a natural extension of the company’s work in the mortgage industry, where Advantage Credit is the fifth largest credit-reporting agency and a leader in fighting fraud.
Solex said its F&I tool minimizes risk and streamlines processes for retailers and lenders, while guaranteeing accuracy, security and compliance.
“Easy access to credit histories is an important element in helping dealers and financial institutions make quick, accurate decisions on loans for RV buyers,” said Doug Moss, vice president of sales for Solex.