LoanTrackAn Online Tracking and Queuing Tool for Dealers and Lenders
Over the past few years, the automotive dealership market has awakened to the power of today’s technology. Aimbridge believes that the only way for lenders to continue to profitably compete in this industry is to provide dealers with the best and most efficient lending tools and processes.
Through our Aimbridge Connect™ suite of online tools, dealers have access to the three critical components of the Aimbridge Indirect Lending system; AppLine™, LoanTrack and PowerBridge™.
When dealers submit applications through AppLine, many are automatically decisioned. Those applications that are not automatically decisioned are forwarded to the lender for review through LoanTrack. Dealers and lenders can follow the status of applications using LoanTrack, and through this tool, facilitate decision making.
Benefits for Dealers • Tracks applications and contracts • Updates loan information on applications with missing loan information • Manages compliance • Manages non-fundable deals held in compliance • Prints call-backs • Provides access to funding vouchers
Benefits for Lenders • Provides communication portal with dealers to gather information necessary to decision a loan • Clean, easy to use system that speeds loan decisioning • Allows a complete audit trail
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