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CreditWorx Retail Finance
Solutions
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Indirect Lending – Loan Origination Solution
CreditWorx™ is the complete indirect (point-of-sale) financing solution used by many top financial institutions, manufacturers, and retailers to provide a best-in-class financing experience for their entire indirect financing channel. CreditWorx is a comprehensive, browser-based lending platform that enables lenders and vendors (retailers, dealers, and manufacturers) to drive greater loan volume, reduce costs, and increase profitability in all lending channels. CreditWorx is available as a licensed solution that can be implemented within your own infrastructure or on a service delivery basis, providing you with a turnkey automated loan origination solution without significant upfront hardware costs, and helping keep IT costs under control.
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| Our clients utilize our advanced technology to automate manual processes, improve efficiencies, and streamline all sources of loan origination volume. With streamlined processes and more accurate loan submissions throughout the entire indirect channel, costs per new loan are reduced. CreditWorx also provides a complete loan decisioning engine, compliant loan document generation, loan closing, and funding capabilities – enabling financial institutions and manufacturers to enhance operational efficiencies while maximizing revenues.
Metavante Retail Finance Solutions are specifically configured to meet the indirect point-of-sale loan origination requirements for the following markets:
- Power Sports, Marine, and RV
- Home Improvement
- Electronics
- Office Equipment
- Furniture
- Luxury Consumer Goods
- Agriculture
- Insurance Premiums
- Medical Products and Services
- Automotive
- Investments
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Some of our clients include:
- Harley-Davidson Financial Services
- GE Money
- HSBC
- AGF Trust
- Scotiabank
- Yamaha
- Suzuki
- Jacuzzi Hot Tubs
- Sundance Spas
- Desjardins
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Benefits
Financial institutions are able to:
- Acquire new customers that reflect their targeted market segment and credit profile
- Reduce origination costs by significantly reducing manual interaction
- Meet aggressive time-to-market milestones, since technology and implementation investments are minimal
Manufacturers are better able to:
- Increase sales and extend their brand name
- Acquire new customers by offering attractive payment options vs. a lump-sum purchase
- Reduce origination costs by significantly reducing manual interaction while processing more accurate transactions and data in less tim
Dealers are better able to:
- Increase sales by offering their customers attractive payment options for significant purchases
- Provide customers efficient, personalized service through a quick, easy-to-use, and flexible financing platform
- Manage the entire sales financing process at the point-of-sale
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Features
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Browser-based
- Built with open standards, facilitating ease of integration
- Intuitive online application process
- Private-label branding enabled
- One platform – supporting fixed term, revolving, or credit card lending products
- Realtime automated credit decisioning
- Sophisticated work queue management
- Dynamic risk-based pricing
- Automated dealer compensation and promotional program models
- Integrated capabilities for extended warranty, insurance, and reward program offerings
- Collateral / asset lien registration
- Integrated, compliant document delivery
- Comprehensive online reporting
- Realtime transaction processing and status notification
- 24/7 Application Service Provider (ASP) model
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