RouteOne Welcomes Friendly Finance To Its Credit Application Platform
FARMINGTON HILLS, Mich., March 5, 2014 /PRNewswire/ -- RouteOne announced today that Friendly Finance Corporation is now available as a fully integrated lender on the RouteOne platform. Dealers who have a relationship with Friendly Finance may now process credit applications electronically to Friendly Finance through RouteOne.
Friendly Finance Corporation is a subprime lender specializing in providing customers with auto loans before they have been discharged from a Chapter 7 or Chapter 13 bankruptcy, as well as customers with multiple bankruptcies. Though they specialize in the open bankruptcy market, Friendly Finance Corporation purchases contracts for all types of subprime customers. And unlike many lenders, Friendly Finance does not consider credit scores when evaluating credit. They maintain relationships with franchise and independent dealers in Arizona, Colorado, Delaware, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Minnesota, Nebraska, Ohio, Tennessee and Virginia.
"It's important to us that we offer a wide variety of finance sources to our dealers so that they can assist customers who would normally not be able to obtain vehicle financing," said Mike Jurecki, RouteOne CEO. "We are pleased to add Friendly Finance to our platform of more than 1,000 finance sources and broaden our pipeline for dealers."
"We are very excited about the benefits RouteOne's technology will bring to our dealers and our own business," states Steve Pittler, President of Friendly Finance Corporation. "In addition to being able to electronically submit credit applications and obtain fast responses, our dealer customers will also enjoy the benefit of accessing real-time application and funding status information, along with up-to-the-minute rates and program information. We expect to see an increase in efficiency and overall production, with improvements in the level of communication and service we continue to provide to our dealers."
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to thousands of dealers in North America, RouteOne's web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne's open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.
ABOUT FRIENDLY FINANCE CORPORATION
Friendly Finance Corporation (FFC), located in Baltimore, MD, has been purchasing retail installment contracts from both franchised and independent automobile dealerships across the United States since 1949. For over 65 years, FFC has been a leader in the subprime auto finance arena by establishing long standing relationships with many national automotive groups. By applying a common sense approach to each application, FFC has the unique ability to price and purchase contracts other companies might otherwise overlook. FFC currently has relationships with 3000+ dealerships in 15 states with plans to expand their dealer network in 2014. For additional information please visit our website: www.friendlyfinancecorp.com.