MeridianLink Adds RouteOne’s Econtracting Solution to Loan Origination System
The connection removes the complexity of adding econtracting for finance sources utilizing MeridianLink’s LoansPQ loan origination system, according to officials.
FRAMINGTON HILLS, Mich. — RouteOne has added MeridianLink to its econtracting certified loan origination systems (LOS). Finance sources utilizing MeridianLink’s LoansPQ LOS can now take advantage of a streamlined eContracting implementation process.
MeridianLink’s RouteOne econtracting certification removes the complexity of technical implementation for its LoansPQ customers, allowing them to benefit from the time and cost efficiencies econtracting offers.
“We both have a shared vision to solve problems for our customers with streamlined, user-friendly solutions,” said RouteOne CEO Justin Oesterle. “The demand for econtracting is there, and we strive to make it as easy as possible for anyone who chooses to participate.”
RouteOne has booked more than 7.5 million econtracts to date. The software firm currently has more than 6,000 active econtracting dealers and 36 finance sources on its econtracting platform.
“MeridianLink works tirelessly to deliver the marquee borrowing experience for consumers, dealers, and lenders,” said Edward Guerin, MeridianLink’s vice president of business development. “Our support of RouteOne’s econtracting solution is another tangible example of that commitment.”
Originally posted on F&I and Showroom
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
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 →