Indirect Loans & Leases
Speed and precision to land the right deals.
ARGO Indirect Loans & Leases provides quick, accurate decisions and fast contract funding to help lenders build relationships with dealers and customers.
Lending institutions effectively manage the auto, recreational vehicle, motorcycle, and marine loan process with Indirect Loans & Leases. This multichannel, end-to-end solution automates decisions and facilitates funding for dealer-originated, internet, third-party, branch, and full-credit-spectrum lending.
The fully integrated, paperless system manages risk by analyzing data in real time throughout each stage of the application process. The solution monitors service level agreements for regions, dealers, staff, and applications, load balancing across skilled employees and proactively managing bottlenecks.
Build Partner Relationships
Lending institutions use Indirect Loans & Leases to successfully build relationships with dealers, branches, and other lenders. The solution’s specialized functionality:
- Provides dealer onboarding tools to set up dealer hierarchies, maintenance, account management, and communication.
- Manages bonus, reserves, and participation programs, as well as contacts and disbursements.
- Enables flow-through arrangements with upstream and downstream lender partners.
Automate Decisions for Quick Results
The solution’s risk management features automate loan decisions by consistently assessing scorecards, debt, pricing, profitability, rules, and policies. The solution creates custom, credit-based processes for each customer and dealer segment by managing stipulations, fees, documents, and verifications. Before releasing funds, the system automatically evaluates attributes to help ensure adherence with institutions’ guidelines and procedures.
To validate compliance with regulators and auditors, lending institutions employ Indirect Loans & Leases to set policies and procedures to address risk, enforce business rules, and control security, workflow, and approval authority.
Increase Productivity and Efficiency
An integrated workflow increases productivity and helps prevent or resolve bottlenecks by delivering updates in real time. The solution provides tools to efficiently configure teams, assign, load balance, and prioritize work. In addition, the tools track service level agreements, configure approval hierarchies, and provide escalation paths.
Eliminate Paper Processes
Through the seamless integration with document-imaging repositories, Indirect Loans & Leases eliminates paper processes, removes geographical barriers, and improves efficiency. This process expedites loan navigation with automated routing and contextual displays of images and data to improve service to dealers and customers.
Deploy Loan Workflows Tailored to Credit Quality
The loan origination system enables lending institutions to offer loans to customers at all levels of the credit spectrum. Based on credit quality, the solution tailors processes, requirements, and rules. For applications with higher levels of repayment risk, the system calls for increased checks and balances.
Integrate with Industry Agencies and Originators
To quickly access and gather information, the solution connects lending institutions with industry-standard credit bureaus, third-party originators, and vehicle valuation sources. ARGO maintains up-to-date interfaces and provides version release options with little or no overhead as part of its customer support services.
Process Applications from Multiple Channels
Multichannel processing provides economies of scale and consistent experiences for customers whether they apply online prior to contacting dealers, walk into branches, or call contact centers. The application offers a single platform to facilitate dealer-initiated purchases, direct purchases, refinancing programs, or person-to-person lending transactions.