For dealership finance
Check every bank BEFORE you submit to any of them.
LenderCheck evaluates Dealer credit applications and tests them against Lender's rules and conditions to increase finance approval rates.
The problem
One deal results in multiple credit inquiries.
The customer applies. Then the deal gets submitted to multiple Banks, including ones the customer doesn't qualify for. Resulting in unnecessary credit inquiries.
Pulls Add Up
Every extra submission is another inquiry sitting on the customer's credit history.
Time gets wasted
Desks re-send and re-work deals that were never going to be approved in the first place.
Good deals get missed
A deal may not get submitted to a Lender it Qualified for.
How it works
Four Steps.
Pull credit once
The dealership pulls the customer's credit the usual way.
Enter the deal figures
The manager enters select figures from the application into LenderCheck.
View LenderCheck Results
Every lender's rules are tested against the application figures put into LenderCheck. Green means the deal qualifies, yellow means it may qualify, red means it won't qualify.
Pick and submit as usual
The manager selects from qualified lenders and submits the application.
Who it helps
Better for everyone.
Dealerships
- No more submissions to banks that won't approve the deal.
- Replacing manual evaluation of lender rules with an automated assessment.
- Newer managers run deals like your most experienced one.
Customers
- Fewer pulls on their file.
- A faster yes.
- A better chance of being approved at all.
Lenders
- Deals that fit their rules, sent on purpose.
- Fewer non-qualifying applications submitted.
- Stops lenders from being overlooked for qualified deals.
Try it free, on your own deals.
Free means free — no payment, and no commitment to buy anything later.