XpressCredit and Allied Solutions added another product to their partnership. XpressCredit, a Web-based Credit Aggregation System, is used by more than 400 motorcycle, ATV, snowmobile and personal watercraft dealers. XpressCredit automates and accelerates the indirect financing process between powersports dealers and lenders. Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions.
As partners, XpressCredit brings additional powersport dealers to Allied Solution’s more than 3,700 financial institutions. Since XpressCredit provides dealers with the technology to pass filtered credit applications to multiple lenders, Allied Solution’s financial institutions will have the opportunity to receive loan applications that meet their underwriting parameters. As a participating finance source on the XpressCredit platform the Allied Solution’s financial institutions will gain immediate access to franchised powersports dealers located within their footprint.
“We are excited to build upon our relationship with Allied Solutions. XpressCredit is proud to be a leading driver in the powersport industry and to grow our successful relationship with Allied,” Mark Louer, Executive Vice President, XpressCredit, commented.
“With todays market conditions the timing could not be better to introduce this new indirect lending offering to our financial institution clients. They will now have an opportunity to take advantage of this growing market segment by leveraging XpressCredit’s technology and extensive dealer network to acquire new loans,” said Pete Hilger, Executive Vice President, Allied Solutions.
