E-Credit Express is the first and only fully patented (8909551) Electronic Lender Platform available for credit sales, loans or leases.
The Platform allows anyone who sells a product with financing to complete the transaction from start to finish in about 10 minutes -- No double entry, no changing from one system to another system, only to query another system to try and finish your deal. The Platform can also complete these transactions on any type of electronic internet ready device.
The Platform takes the customer's credit app, gives them their privacy notice for compliance and documents this fact, performs a debt-to-income ratio, valuates the collateral that will be sent to the Lender, selects the best credit tier available from the Dealer's available Lenders, lets the Dealer pick the most favorable term, displays Dealer specific backend products, has instant two-way electronic re-hash communication between the Lender and the Dealer, auto-fills all state, Dealer or Lender specific forms per transaction electronically and e-signs any and all documents. The Platform also provides the wet signature forms per state document requirements and stipulations as required and uploads these documents to a safe and secure vault for the Lender to retrieve the original Finance Instrument for Dealer funding. This decreases the time for funding and alleviates costly overnight fees.