LOS ANGELES — Westlake Financial Services is now available on RouteOne’s econtracting platform. Dealers signed up with the auto finance company and for RouteOne’s econtracting solution can now receive electronic validation and distribution, as well as the ability to audit throughout the entire contracting life-cycle, according to the finance source.
The new connection also provides dealers with a signing process that can be done using signature pads, tablets or nearly any touchscreen-enabled device. Company officials noted that moving to econtracting will deliver added efficiencies to the company’s origination process by speeding up decisions and funding, as well as reducing contract errors.
“For Westlake, RouteOne econtracting is all about providing faster funding to our dealers,” said Ian Anderson, group president of Westlake Financial Services. “We’ve always been about auto-decisioning, and we see this as a step toward auto-originations.”
Mike Jurecki, RouteOne CEO, added: “Both RouteOne and Westlake are passionate about technology and bringing efficiencies to the entire vehicle purchasing process. eContracting accomplishes this in many ways, including seamless sharing of data and comprehensive validation prior to the customer signature — all of which lead to faster funding and an improved Customer Satisfaction Index.”
Dealerships interested in financing their customers through Westlake financing can go to www.westlakefinancial.com. Dealers interested in signing up for RouteOne’s econtracting solution can visit www.routeone.com.
Originally posted on F&I and Showroom