World Omni Financial Corp. has fully deployed its new automotive loan origination system for the company’s retail installment contract and lease origination technology needs. The new system, developed by Fiserv Inc., enables World Omni to automate all credit and funding processes for Southeast Toyota Finance and Volvo Car Financial Services. “It will be faster,” said Bill Shope, World Omni’s vice president of portfolio management. “We were focused on theconfiguration abilities.” Shope told AFN that the deployment of the 5.0 system is part of a bigger plan to move to e-contracting. “We’re beginning a project to roll out e-contracting to our dealer network,” Shope said. “We’re developing [the] project plan right now.”
