Preferred Placement Technology Launched with Significant Enhancements to Match Borrowers with Auto Loans
myAutoloan.com, a direct-to-customer, Internet-based auto loan marketplace, announced the launch of their newest version of their significantly enhanced Preferred Placement® technology that uses electronic application evaluation and analysis to process matching borrowers with national lending institutions.
(PRWEB) December 6, 2006 -- myAutoloan.com, a direct-to-customer, Internet-based auto loan marketplace, launched the latest version of Preferred Placement®, the direct lending application technology that uses electronic application evaluation and analysis to process direct-to-consumer auto loans for its customers with national lending institutions. With Preferred Placement® technology, customers find the right auto loans for new or used vehicles, refinance existing vehicles, private party purchases and lease buyouts.
The latest version of Preferred Placement® technology simplifies, streamlines, and shortens the application process; as well as enhances the electronic verification and validation of critical customer information. The information given to lenders is more accurate and provides lenders with greater efficiencies, allowing them more time approving and funding quality customers with auto loans.
"Our Preferred Placement® technology continues to evolve and improve increasing customer satisfaction and lender performance to provide auto loans," said Heather Dietel, Director of Product Development of myAutoloan.com. "Through extensive usability testing coupled with focus group input, the new version greatly increases the speed, ease, and simplicity allowing customers to navigate and complete an application for a direct-to-consumer auto loan."
Greg Thibodeau, CEO of myAutoloan.com added, "The additional enhancements to the electronic verification and validation process continue to ensure that we match the right customers with the right lenders."
During the last 12 months the improvements to Preferred Placement® technology enhancements have dramatically complimented a lender's ability to target vertically within the entire credit spectrum, as well as to target auto loans horizontally across multiple loan products. Preferred Placement® technology, with its automated credit application processing and consumer targeting ability, is applicable across a variety of lending segments including mortgages, home equity, motorcycle and marine lending.
myAutoloan.com has made its Preferred Placement® technology available to the entire direct lending industry with "Powered by" financing and technology licensing agreements.
Call 866-625-2668 to inquire about "Powered by" and platform licensing opportunities, or visit www.myAutoloan.com to:
* Learn more about Preferred Placement® technology
* Learn about myAutoloan.com's Preferred Dealer® Program
* Get more information on how Preferred Placement® technology can add value to the financing process
About myAutoloan.com
myAutoloan.com is a subsidiary of Horizon Digital Finance, L.L.C., and a nationally-licensed direct-to-customer, Internet-based auto financing marketplace utilizing Preferred Placement® technology and processes. Preferred Placement® helps consumers obtain auto financing with real lenders providing real loans in real time. Preferred Placement also matches approved and qualified customers with participating qualified franchised auto dealers through their auto lead generation program called Preferred Dealer(sm). Horizon Digital Finance and myAutoloan.com are quickly becoming recognized leaders of the online direct-to-customer lifestyle financing process by providing innovative technology-driven solutions. They are located in Irving, Texas.
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