RV-Lending Solution "Solex" at Home with More Than 800 Dealers
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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we just can`t afford to continue doing business as usual," says Ty Jenkins, founder of Solex, "Time-consuming, outdated methods only cost the dealer and the lender money.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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