Verifacto Revolutionizes Auto Finance Industry with Smart DMS Underwriting System
Verifacto Verifacto, a leading provider of innovative solutions for the auto finance industry, is thrilled to announce the launch of its groundbreaking Smart DMS Underwriting System. Atlanta, USA, May 16, 2024 (GLOBE NEWSWIRE) — Verifacto, a leading provider of innovative solutions for the auto finance industry, is thrilled to announce the launch of its groundbreaking Smart DMS Underwriting […]
The Modern Era of Loan Management Systems
In the age of global digital transformation, industries have experienced a significant positive shift benefiting consumers and businesses alike. Particularly in customer-centric sectors such as consumer lending, this transformation emphasizes improved overall service delivery. While initial efforts focused on automating loan origination, attention has now broadened to encompass loan servicing systems, creating a more comprehensive […]
Verifacto Introduces Verifacto e-Sign to Enhance Smart DMS Capabilities for Auto Dealers
Verifacto introduces Verifacto e-Sign, enhancing its Smart DMS for auto dealerships. This feature streamlines operations, saves time, and improves document management through secure electronic signatures, aligning with evolving customer preferences for online solutions. Visit Verifacto.com for more information. Atlanta, GA, February 25, 2024 –(PR.com)–.Verifacto, a pioneer in providing innovative solutions for auto dealerships, introduces Verifacto […]
How technology can speed up your auto finance business
Regulatory compliance, product shortages, inflation, and rising prices – these challenges affect all industries, including auto finance. To remain competitive, auto finance business leaders must continue to evolve. Compared to those with an aversion to change, leaders in technology adoption and innovation grew twice as fast before the pandemic. Disruption cannot limit market leaders’ adaptability, […]
How a Loan Management System Can Help Your Dealership
As the owner or operator of an auto dealership, you have several responsibilities you must juggle each day. Between communicating with customers, managing insurance notices, running compliance checks, and more, it is easy to become overwhelmed and unorganized without the right loan management system in place. With loan management software, you can streamline operations and […]
How to Leverage a Smart DMS to Increase Profitability
When owning and operating a dealership, having an effective dealer management system is a must. However, if your business is using an outdated system that lacks the proper tools to promote efficient operations, it leaves you vulnerable to unnecessary overhead costs, which could decrease profits and put your portfolio at risk. However, with Verifacto’s smart […]
What is a Smart DMS?
Almost every dealer uses a dealer management system. It is vital to running your business. The more technology a DMS can provide usually equates to more efficiencies and ultimately more profit for your business. However, most DMS lack the technology that is needed to give you the tools to maximize efficiencies in your business. The […]
What You Need to Know About Collateral Protection Insurance Companies
If you are the owner or operator of a car dealership or auto finance company, you likely face problems with uninsured borrowers. When these drivers get into auto accidents, your business suffers in a few ways. The customer usually stops paying on the loan, which will eventually result in having to pick up the vehicle. […]
Effectively Communicate with Borrowers Using an Auto Loan Collection System
As an auto lender or insurance company, one of the greatest challenges you face is risk management. The reliability of your borrowers is not always guaranteed and if they are late or delinquent on their car loan payments, you have the potential to lose significant profits. So, how can you best mitigate this risk to […]
Loan Management System: The Next Step After a Loan Origination System
When borrowers apply for a loan at your auto dealership, your loan origination system can be a useful tool for setting up their account and processing their application. However, once this is complete and your borrowers drive off the lot, this system is not equipped to provide long-term loan services to help with communications, risk […]
