F&I Express, a leading provider of digital F&I aftermarket product solutions is now integrated with Financial Network Inc, a direct and indirect auto loan origination platform. The joint solution creates a comprehensive auto finance platform that is used to originate compliant auto loans with separate underwriting approval criteria, obtain accurate pricing of all aftermarket products for over 130 providers, and complete the contracting process electronically.
Through FNI, customers have access to F&I Express eContracting via single sign-on and will see the same user interface and navigation features currently available in their standard F&I Express log-in. All the capabilities of the eContracting solution have been integrated into FNI to provide automotive dealers a single point of access. The integration of F&I Express eContracting expands FNI’s auto finance capabilities to give dealers the capability to electronically quote, price and complete contracts for aftermarket products.
“Combining the financing and aftermarket insurance contracting process creates a quick, seamless experience for dealerships and consumers” said Brian Reed, President and CEO of F&I Express. “The combination of F&I Express eContracting with FNI gives auto lenders the tools to meet customers’ buying expectations while simplifying the financing process.
“FNI is dedicated to providing integration to the best third-party service offerings in the industry. F&I express will help our customers increase revenue while reducing decision time,” said Nicholas Payne, Chief Technology Officer of Financial Network, Inc. “Access to additional value-added services is a major consideration for many lenders who are looking to improve their Loan Origination Solution, and this partnership will allow FNI to continue to lead the market in efficient, automated lending solutions.
Auto Finance Platform
ABOUT F&I EXPRESS: Intersection Technologies Inc. – F&I Express® is the leading technology and solutions provider powering the future of the automotive F&I industry. Our F&I Express eContracting network enables aftermarket providers and agents to increase their dealer clients’ CSI ratings by providing a faster and error-free process to eRate, eContract, and eRegister all of their aftermarket products on one platform. With the largest aftermarket provider network in the industry, F&I Express delivers specialized solutions that streamline the aftermarket process for optimized efficiency. Our Express Digital Media solution uses a proprietary Dealer Service Provider interface to provide connectivity to accurately quote and instantly obtain product content from more than 130 product providers. Our Express RecoveriesSM platform helps auto lenders improve recoveries, cycle times and compliance for aftermarket product cancellations. Our CompliPriceSM solution helps ensure that automotive dealerships are compliant with their aftermarket product pricing. For more information about our innovative technologies and the auto finance platform, please visit http://www.fandiexpress.com/ or follow us on Twitter @fandiexpress.
About Financial Network Inc.: Through over 30 years of providing custom credit lending solutions, Financial Network, Inc. stands as the market expert in robust credit lending platforms and loan origination systems. Based on extensive experience creating truly custom products, Financial Network Inc. has assembled FNI Turnkey and FNI Turnkey Plus solutions that are the culmination of the best lending practices. FNI has custom solutions in place with 3 of the 5 largest U.S. banks and lending institutions.