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defi SOLUTIONS Integrates with Dealertrack's eDocs Solution
[January 06, 2015]

defi SOLUTIONS Integrates with Dealertrack's eDocs Solution


defi SOLUTIONS today announced that its Loan Origination System (LOS) is now integrated with Dealertrack's eDocs Solution.

Dealertrack eDocs is a comprehensive solution for scanning, processing, imaging, data entry, verification and automatic booking of paper contracts. The integration between Dealertrack's eDocs and defi SOLUTIONS' LOS will help create greater contract and funding efficiencies throughout the entire funding process for small- and mid-sized lenders.

"Integration with Dealertrack is a key part of defi SOLUTIONS' strategy to offer easy access to industry leading data and services to automotive lenders seeking highly efficient and compliant processes," said Georgine Muntz, Strategy and Business Leader, defi SOLUTIONS. "The integration will allow our users to reap the benefits of both solutions without making an additional integration investment."

Prior to this defi/eDocs integration, it could take a year or more to fully integrate an LOS and a lender's processes with a digital document service. As a result of this partnership, for example, the time needed to integrate scanning services into an LOS and a lender's operations can take as little as 30-45 days.

"Our integration with defi SOLUTIONS will help open up additional market opportunities for small- and mid-sized lenders, and drive improved operational efficiencies between themselves and their dealers," said Kathy Kassinos, Vice President and General Manager, Digital Document Services, Dealertrack. "We are committed to working with industry partners, like defi SOLUTIONS, to deliver powerful tools and solutions to leders of all sizes."



Early Adopter: Global Lending Services LLC

defi SOLUTIONS is working with several of their platform lenders to roll-out the integrated eDocs solution. The first to launch was Global Lending Services LLC (GLS), an Atlanta-based automotive subprime lending company who uses both defi's LOS and Dealertrack's eDocs.


"GLS has automated the receipt and processing of all paper contracts by leveraging the defi to Dealertrack's eDocs seamless integration which ensures faster processing and funding for GLS deals," said Michael Miller, Chief Information Officer of GLS. "Our dealer packages arrive in the early morning hours and deals proceed to verifications quickly and accurately savingĀ GLS time and expediting the time it takes to get cash to the dealer."

About defi SOLUTIONS (www.defiSOLUTIONS.com)

defi SOLUTIONS provides the only leading edge, browser-based loan origination system (LOS) that is completely configurable by lenders. The defi system allows auto lenders to manage the application lifecycle from a single, highly flexible platform. The defi LOS is affordable, scalable and easily accessible from mobile devices.

About Dealertrack Technologies (www.dealertrack.com)

Dealertrack Technologies (Nasdaq: TRAK), headquartered in Lake Success, New York, delivers integrated web-based tools, services and technologies that drive efficiencies and profitability for automotive retailers, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. Currently, Dealertrack hosts more than 60 million unique visitors per month on 20,000 dealer websites, and operates the industry's largest online credit transaction network, connecting more than 20,000 dealers with more than 1,500 lenders. Dealertrack's market-leading suite of integrated solutions include Dealer Management Systems (DMS), Inventory, Sales and F&I, Digital Marketing, Registration and Titling, CRM, Fixed Operations and Independent Dealer product families.


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