FARMINGTON HILLS, Mich., Sept. 10, 2012 /PRNewswire/ -- RouteOne LLC announced today that SunTrust Bank is now participating on RouteOne's eContracting platform. SunTrust, with total assets of $178.3 billion on June 30, 2012, is one of the nation's leading financial services holding companies.
RouteOne's unique eContracting capability delivers valuable features and benefits and enables the creation, execution, storage, and management of motor vehicle finance agreements and ancillary documents. eContracting also provides an imaging capability, eliminating the need for related paper documents to be sent separately from the eContract package and streamlining the vehicle financing process.
"SunTrust has always been a great supporter of RouteOne, and we are pleased that they will be engaging dealers through the RouteOne eContracting platform," said Mike Jurecki, RouteOne CEO. "We look forward to working with SunTrust and our shared customers to recognize the benefits of eContracting, which include faster funding and reduced charge backs."
"SunTrust is pleased to partner with RouteOne and to provide all the benefits of eContracting to our mutual dealer clients. This efficient platform offers multiple features that can improve the financing process, resulting in a positive experience for both the dealer and the client," said Rocky Waldrop, head of SunTrust Dealer Financial Services.
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 North American franchised and independent dealers, 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 SUNTRUST BANK
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2012, SunTrust had total assets of $178.3 billion and total deposits of $128.4 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.
SOURCE RouteOne LLC