Oakbrook Terrace, IL - Interim Funding Corporation has announced a formal relationship with Visionary Innovation, LLC of Phoenix, Arizona, developers of The Home Equity ATM program.
The Home equity ATM program allows Dealers to capture deals now being missed due to consumers being severely “upside down” (negative equity) and/or credit impaired. The program allows Dealers to obtain a home equity line of credit or complete re-finance commitment through Dealertrak. The negative was the wait until closing. “This Partnership of Interim Funding’s immediate funding with Home Equity ATM’s ability to do deals that would otherwise be lost is significant.” “It eliminates the problem of a 2 to 4 week wait on a rather large dollar deal” states Fred Jarm of Interim Funding.
More information about Home Equity ATM can be found at www.homeequityatm.com.
Interim Funding Corporation provides immediate funding and protection from risk for Dealers’ Special Finance contracts in transit. www.interimfundingcorp.com.
Used-vehicle values fell by an average of 1.9% in October, the largest decline since January but on course with seasonal patterns, according to the latest report from Black Book.