Informativ, AutoFi Streamline Compliance Checks
Credit and automotive compliance technology company provides auto dealers with credit-focused lead generation, credit reporting, and compliance products.
Informative provides automobile dealers and other businesses with credit-focused lead generation, credit reporting and compliance products.
IMAGE: Informativ
Informativ, which brings together credit, compliance and lead-generation technology companies Credit Bureau Connection, Dealer Safeguard Solutions, and products, has partnered with AutoFi, a provider of digital-commerce technology for sales and finance across the automotive industry to improve the dealership sales process through a more streamlined compliance-check process.
Informativ’s Dealer Safeguard Solutions provides a proactive, consistent and enforceable compliance process that complements and enhances a dealership’s sales process while ensuring it meets all the obligations of the Federal Trade Commission’s Safeguards rule for administrative and physical compliance.
Through the partnership with AutoFi, the two solutions will save dealers time and potential errors by pushing all the necessary information from the AutoFi credit application into the Dealer Safeguard Solutions platform, enabling a compliance check to be run in one step.
“Our Dealer Safeguard compliance platform is the leader in the auto industry and critical to dealers today,” said Informativ CEO David Carner. “We’re proud to partner and integrate with AutoFi as their digital commerce technology is just as vital to dealers who are tasked with speeding up the car buying process, improving the customer experience, and ensuring it’s all done in a compliant manner.”
Prior to the integration, dealers had to type information from the credit application, driver’s license and insurance into the Dealer Safeguard platform, as compliance checks are a mandatory part of the credit process. The integration saves time and prevents errors from rekeying data, benefiting consumers and dealers online and in the store.
“Dealers today have a target on their backs when it comes to compliance,” said Dealer Safeguard Solutions founder Doug Fusco. “Our compliance technology protects dealers and the information they get from their customers through a digital process that is virtually paperless and has safeguards built in to protect against human error. Our partnership with AutoFi only furthers our ability to streamline and improve the sales process for dealers and consumers, all while ensuring it’s compliant.”
Informativ and AutoFi are presenting a free webinar to share more details of the benefits of proactive compliance and digital commerce on Aug. 9 at 10 a.m. PT/1 p.m. ET. Dealers and the media are invited to register for the 30-minute presentation here.
Originally posted on Auto Dealer Today
More F&I
Four-Figure Loan Payments on the Rise
A LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.
Read More →
APCO Holdings Acquires Fidelity Dealer Services
The finance-and-insurance product provider says the addition strengthens EasyCare’s reach across key markets.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
Ensure Your Clients Are Sure About Reinsurance
Industry experts recently broke down the complicated profit center at Agent Summit. Learn what’s relevant and what’s new to share with your dealers.
Read More →
Car Loans More Plentiful
May access opens up, as risk segments figured largely in the increased availability, Cox Automotive reported.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
New-Vehicle Financing Hits Record
Consumers are seeking ways to make financing new-vehicle purchases manageable, from extended loan terms to smaller down payments, according to Edmunds.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →