DealerTrack Holdings Inc. has a new interface linking dealers with credit unions served by Aimbridge Lending Solutions, a provider of lending technology and services to credit unions across the country.
The relationship will combine DealerTrack's extensive network of more than 22,000 automotive dealers nationwide with Aimbridge's proprietary credit union filtering process.
Dealerships can use DealerTrack to make an automated request to Aimbridge's lending system to determine whether the applicant is pre-approved at any credit union, is already a credit union member, or fits any of the other various filters the Aimbridge system supports.
Dealers then select an appropriate credit union and submit the loan application to Aimbridge, where it is processed through its integrated lending workflow system on behalf of the lending credit union.
“Automotive loans have always been an integral source of revenue for the credit union industry, and Aimbridge is committed to helping credit unions maximize their business in the auto sector,” says Aimbridge founder Stephen Bentley.