San Francisco-based SpringboardAuto.com is seeking to form partnerships with banks, President Jim Landy told Auto Finance News.
“We are currently partnering with 12 credit unions across the country, and we are licensed in 20 states,” he said, declining to name the partners. “We will now consider partnering with more [lenders], which will be our major goal next year.”
Landy said the company started partnerships with credit unions because “they are usually very involved in direct consumer lending.”
SpringboardAuto mainly focuses on private-party auto financing, while it also offers refinance and direct lending services, Landy said.
The company is constantly upgrading its system and calibrating the design model to make sure the online platform is “100% automated and offering real-time feedback,” he said.
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