AFCD and Nowcom Team with XpressCredit to Offer Access to New Lender Opportunities
LOS ANGELES, CA, – Mar. 17, 2009 – Automotive Finance Consumer Division, LLC (AFCD) and Nowcom Corp. announced today that they will soon begin providing dealers access to new lender opportunities via XpressCredit. This exciting lending platform will be made available through their fully integrated dealer management system, Dealer Desktop®.
"This new partnership brings additional lenders to our platform, which during these tough economic times, puts us in the position to become the leader in the independent dealer market. With this, we anticipate adding both partners and marquee lenders to our DMS platform." says Rufus Hankey, President of Nowcom. "Nowcom's business is currently successful because our dealer base values our technology and products, and this new partnership will only add to that."
Margot Hanulak, President of AFCD comments, “We are excited about the expansion of product offering to our dealers through this new relationship with XpressCredit and the integration with Dealer Desktop.”
XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently.
“We are excited about this new partnership with AFCD and Nowcom,” says Paul Gignilliat, XpressCredit founder and CEO. “AFCD and Nowcom dealers who use Dealer Desktop will have enhanced lending opportunities and additional compliance support that will positively impact their performance.”
Along with the new lending platform, Dealer Desktop also provides independent dealers with access to credit reports, book values, inventory management and all the essentials to run a commercial car dealership.
Nowcom expects the integration to be completed and fully functional by the beginning of the second quarter 2009.
About AFCD
Based in Carmel, IN, as part of KAR Holdings, Inc., AFCD offers dealerships access to a diverse array of proven dealer solutions in select US markets including access to a fully integrated dealer management system (“DMS”), virtual F & I services, lender financing, vehicle service contracts, GAP coverage, and Automotive Finance Corporation’s floorplan programs. For more information about AFCD, please phone toll free 1-888-610-AFCD or go to www.MyAFCD.com.
About Nowcom
Founded in 1997 and headquartered in Los Angeles, California, Nowcom is a leading provider of dealer management solutions, specifically catering to the independent dealer’s needs. Learn more about Nowcom at: www.nowcom.com.
About XpressCredit
XpressCredit.net runs on patent-pending software with the sophistication of systems found at major financial institutions and the power of on-the-spot financing capabilities found at national dealerships. XpressCredit.net is a wholly-owned service of Premier Internet Communications, Inc., a privately held U.S. corporation founded in 1999.
For more information about XpressCredit, go to www.xpresscredit.net.
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