RV-Lending Solution "Solex" at Home with More Than 800 Dealers

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Thu Oct 8, 2009 2:15pm EDT

Automated online lending solution the technology of choice for F&I automation 
IDAHO FALLS, Idaho--(Business Wire)--
Solex, an online lending solution, has added more than 800 RV dealers on the
system. This is because Solex provides an easy, fast, plain paper solution for
submissions, contracting, menu selling, and compliance and paves the way to an
electronic lending office. 

"Processing and completing closing documents has always been a hassle in this
industry," said Steve Butler, CEO and president of Solex, "but with Solex,
dealers and financial institutions can move into the electronic world with
minimal effort, and reap the cost-saving benefits of a much more efficient way
of doing business." 

Solex, designed specifically for the consumer-lending marketplace, connects
lenders and dealers through the Web, providing F&I managers with the industry`s
first fully featured online lending solution. An easy-to-use, Web-based program,
Solex walks users through the application process, allowing them to submit loans
quickly, with an advanced document engine that creates compliant loan document
packages easily printed from any standard printer. In addition to minimizing
risk and streamlining processes, Solex guarantees accuracy, security and
compliance. 

Says Butler, "We provide automatic updates, automated submission capabilities,
side-by-side comparisons, menu-selling functionality, and the ability to print
from any standard machine - plus we guarantee the contracts are compliant. The
days of shuffling papers and messing with dot-matrix printers are over." 

The RV dealers cite Solex`s ability to eliminate the need for maintaining
extensive stacks of pre-printed forms, to save time on selecting the right
documents, to use any printer you have in the office and to provide all the
required forms - including those required by national, regional and local
lenders, guarantees compliance. The system is available through a simple
Internet connection and also provides an after-market product menu selling tool.


"In today`s economic environment, we just can`t afford to continue doing
business as usual," says Ty Jenkins, founder of Solex, "Time-consuming, outdated
methods only cost the dealer and the lender money. Tight budgets require new
solutions. Solex is a unique business tool that makes the whole transaction
easier and faster for those who are selling the products and doing the
financing, and in the end shows a much more efficient process for the customer
as well. We want to help RV businesses succeed, no matter what the market does,
and with Solex, I think we`re doing that." 

About Solex

Solex (Idaho Falls, Idaho) is an online lending solution designed for dealers
that provides Finance and Insurance (F&I) managers with fast loan approvals and
compliant loan documents. Solex connects dealers, credit bureaus and lenders in
a seamless integration to provide multiple financing options. All loan documents
are guaranteed to be in compliance with lender and state guidelines and are
compatible with all laser printers. Additional information about Solex is
available online at www.solex.com.

For Solex
Steve Butler, 801-766-9828
Sales and Media Contact
steve.butler@solex.com

Copyright Business Wire 2009

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