Solex, Advantage Credit Partner to Offer Automated RV Loan Credit Checks

Idaho Falls, ID - Solex, an online lending solution, announced recently a partnership with Pensacola, Fla.-based Advantage Credit International to provide automated credit reporting for recreational vehicle (RV) and marine loans approved through Solex's financing and insurance (F&I) software.

Solex connects RV and marine dealers to partner financial institutions through the Web, providing instant financing options for qualifying borrowers and compliant loan documents for the lender. Through the partnership with Advantage Credit, both dealers and lenders have immediate access to complete credit reports from the three credit reporting bureaus. Dealers only enter a customer's information once in their system and the Solex portal allows them to request and view the credit report.

"With the growth in RV and marine purchases, we offer dealers and lenders an easy, automated way to quickly obtain the relevant credit data for any customer," said Kelly Gontarski, vice president of Marketing for Advantage Credit. "The combined technology offering and expertise of both Advantage Credit and Solex helps close more loans with the terms that are most beneficial to the customer, the dealer and the bank."

Gontarski said the partnership with Solex was a natural extension of their work in the mortgage industry, where Advantage Credit is the fifth largest credit-reporting agency and a leader in fighting fraud. Solex's F&I tool minimizes risk and streamlines processes for retailers and lenders, while guaranteeing accuracy, security and compliance, resulting in increased revenue and efficiency. Solex also guarantees that the document packages will contain the most current, up-to-date documents required by the lender.

"Easy access to credit histories is an important element in helping dealers and financial institutions make quick, accurate decisions on loans for RV buyers," said Doug Moss, vice president of Sales for Solex, LLC. "The partnership with Advantage Credit automates the credit check, making the loan decision process more streamlined and offering more security to dealers and lenders."

SOURCE: Solex