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Indirect Lender Partner
Achieve increased growth and profitability
By providing turnkey, private-labeled finance programs to manufacturers, Metavante offers a complete outsourced finance program model for manufacturers, distributors, and retailers to enhance the financing experience for their entire sales network. Metavante intelligently links strategic funding sources to each vendor’s financing requirements, individually matching credit risk and loan types with customer profiles. By structuring complementary lenders within each program, Metavante is able to provide an approved stream of new loan volume for each participating lender, while meeting all of the needs of the lender at the same time.
As a lender in one or more of these programs, your organization can benefit from:
- Growth in Assets
- Cross-Sell and Up-Sell Opportunities
- Decreased Customer Acquisition Costs
- Focus on the Highest Yielding Strategies
- Controlled Technology Costs and Investment
Metavante acts as the solution bridge between the vendor and lender(s) by providing the products, technology, customer support, funding services, and expertise to create and manage the best branded finance programs available for each client’s requirements. In addition to our state-of-the-art technology platform (CreditWorx™), we provide a complete suite of services supporting origination, processing, decisioning, and funding, including:
- Full Contract Audit
- Deficiency follow-up
- Electronic funds transfer (EFT) to the vendor
- Daily electronic data file transfer to the lender
- UCC Filing
- Rate Card Promotional Programs and Administration
Benefits
A qualified stream of new customers – These new customers reflect your targeted market segment and credit profile, and they can develop into “relationship” customers as lenders optimize cross-sell opportunities.
Significant reduction in origination costs –Metavante’s automated indirect lending solution significantly reduces manual interaction in the loan origination process. When required, our funding center will assist in the completion of the document audit, verification process, and funding to your financial institution’s stated requirements.
Time to market – Metavante’s consumer vendor finance solutions can drive new loans to a lender in as little as 90 days, with minimal start-up costs.
Finance Program Services
Private-labeled program
- Private-labeled CreditWorx system
- Private-labeled call center
- Toll-free telephone and fax
- Private-labeled dealer services
Promotional programs
- Program managers are available to both vendors and lenders to create, implement, and deploy custom promotional programs
Dealer and head office funding
- Direct funding of dealers or corporate office via EFT
Program support
- Telephone support for dealer network (deal inquiries, training, technical support)
- Support for vendor’s regional managers through specialized training
- Special dealer-based promotional programs and incentives
- Distribution and tracking of dealer agreements
- Setup and configuration of dealer network in the CreditWorx system
Dealer and vendor training
- Program rollout managed by Metavante Lending Solutions
- Ongoing Web-based training
- Program launch training
- Detailed training manuals
- Application and audit services
- Fully automated applications through CreditWorx
- Available support for faxed-in applications
- Audit of all contract packages submitted by the dealer network
- Direct contact with dealers to resolve any documentation issues or errors
Hours of operation
- CreditWorx system available 24/7
- Extended service levels available
- Standard call and funding center hours
CreditWorx Features
- Branded programs
- Intuitive online application process
- One platform – supporting fixed term, revolving, or credit card lending products
- Automated lender contract generation at the point of sale (POS)
- POS decisioning in seconds using lenders’ scoring models
- State-of-the-art credit decision engine
- Dynamic risk-based pricing
- Sophisticated credit analysis
- Tools for management reviews and underwriting
- Automated insurance contracts
- Automated extended warranty contracts
- Automated promotional programs
- Automated dealer compensation models
- Realtime transaction tracking
- Comprehensive online reporting
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