KING OF PRUSSIA, Pa. — Fiserv Automotive Solutions says it has integrated its loan origination system (LOS) with a Web-based credit application system that serves more than 21,000 dealers across the country.
The integration with RouteOne (www.routone.com) will facilitate immediate decisions by Fiserv Automotive Solutions clients receiving loan applications from dealers served by the finance arms of DaimlerChrysler, Ford, General Motors and Toyota.
The Fiserv LOS now automatically creates a new application file without any re-keying when it receives a credit application from a RouteOne dealer and provides an instant approval or rejection based on criteria set by the financial institution.
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"Integration with the Fiserv LOS connects our mutual lending customers to franchise and independent dealers that use the RouteOne platform," said Mike Jurecki, chief executive officer of RouteOne. "It is an efficient and cost-effective way for the lenders to facilitate portfolio growth."
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