Exeter Finance Joins RouteOne

FARMINGTON HILLS, Mich., Oct. 6 /PRNewswire/ -- RouteOne LLC announced today that it has completed integration with Texas-based Exeter Finance Corp., a specialty auto finance company that provides financing services to select franchised auto dealers throughout the United States.  Exeter dealers may now send their credit applications electronically through the RouteOne platform, as well as access credit bureaus, verify contract statuses and manage the entire scope of their credit application process.

Exeter's underwriting and verification teams work in local branches, rather than a centralized facility, enabling personal service and continuous access to decision-makers. Exeter recently opened branches in the Atlanta and Philadelphia markets in addition to its current locations in Irving, Texas; Independence, Ohio; Paramus, N.J.; Schaumburg, Ill.; St. Louis, Mo.; and Manchester, N.H.

"Joining the RouteOne platform will enable a greater level of ease, access and convenience for our dealers during transactions," said Mark Floyd, CEO of Exeter. "We strive to provide exceptional service to all our dealers through our proven branch model of local underwriting, funding and relationships, and are confident that the integration with RouteOne will be a boost to our organization."

"We welcome Exeter Finance Corp. to our platform," said Mike Jurecki, RouteOne CEO. "It's important to us to provide our dealers with the widest variety of finance sources possible. The addition of Exeter Finance Corp. allows us to expand our lender base and better serve our dealer customers."

Exeter reached $100 million in total originations in May 2010.

ABOUT ROUTEONE

RouteOne was formed in 2002 by Ally Financial, Chrysler Financial, Ford Motor Credit Company, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 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 EXETER FINANCE CORP.

Exeter Finance Corp. is a specialty auto finance company that provides financing services to select franchised auto dealers throughout the United States. The company's underwriting and verification teams work in local branches, rather than a centralized facility. As a result, dealers enjoy personalized service from people they know and trust. Founded in 2006, the company is headquartered in Irving, Texas. For more information, visit www.ExeterFinance.com or call (214) 572-8276.

SOURCE RouteOne LLC