CreditWorx for Home Improvement / HVAC Consumer Financing

Print ready version

Excellence in Vendor Finance

CreditWorx™ is the complete point-of-sale financing solution used by many of the top manufacturers and distributors in the home improvement and HVAC marketplace, allowing them to control the financing experience of their entire dealer network.

CreditWorx Benefits:

Manufacturers are better able to:

• Increase sales and extend their brand name
• Acquire new customers by offering attractive alternative payment options vs. direct cash purchase and meeting customer needs through targeted lenders
• Streamline the entire sales process via our leading-edge POS platform (product, warranty, and insurance)

Dealers are able to:

• Increase sales by offering their customers attractive payment options for the purchase of home improvement projects or HVAC equipment
• Provide customers efficient and personalized service through a quick, easy-to-use, and flexible financing platform
• Manage the entire sales financing process at the point of sale

Lender Partners 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

Metavante’s best-in-class, private-labeled consumer finance solutions provide end-to-end, seamless technology integration for point-of-sale loan origination, and encompass all services required to successfully implement and manage national consumer vendor finance programs. This innovative combination has resulted in enabling our vendor and lending partners to quickly increase sales and profits, acquire new customers, and compete more effectively.

Available Finance Program Services

Program launch coordination

• Dealer sign-up and program rollout managed by Metavante

Comprehensive training – initial and ongoing

• Web-based and contact center support

Call center support

• Telephone support for consumers and dealer network (loan applications, program inquiries, and technical support)

Lender services

• Application and audit services
• Direct funding of dealers or head office via EFT in 24-48 hours

Overall account management

• Metavante program managers, in conjunction with manufacturers, dealers, and lenders, create best-in-class vendor finance programs

Marketing coordination

• Private-label branding

CreditWorx Platform Features and Benefits:

• Browser-based
• Built with open standards, facilitating ease of integration
• Intuitive online application process
• One platform – term, revolving, or credit card products
• Real-time automated credit decisioning
• Complementary and cascading lending models
• Dynamic risk-based pricing
• Integrated extended warranties, insurance and reward programs
• Private-label branding enabled
• Lien registration
• Integrated, compliant document delivery
• Comprehensive and flexible reporting
• Realtime transaction processing and status notification
• 24/7 Application Service Provider (ASP) model