Open Lending Partners with Automatic to Expand Indirect Lending Opportunities
Financial institutions empowered to grow indirect lending relationships with access to a wider network of dealers
Automatic’s turn-key solution combines a dealer portal with an indirect LOS to connect lenders to a network of 2,700 independent dealerships. The collaboration aims to bring added efficiency and flexibility to Lenders Protection™ customers via a user-friendly platform. The streamlined approach enhances operational efficiency and reduces decision-making timelines, contributing to a more responsive lending ecosystem.
“Our partnership with Automatic will allow us to connect our customers with a wider variety of high-yield lending opportunities,” said
“Together with the power of
Lenders can seamlessly integrate with Automatic in two ways: by leveraging Automatic's LOS capabilities or opting to “bring their own” LOS. This flexibility allows financial institutions to adapt their approach, making Automatic a versatile option as either a complement or replacement for existing indirect programs based on their specific requirements.
To learn more about
Automatic is a one-stop-shop platform for used auto financing and backend products. It is the lowest cost platform for used auto dealerships to connect to a variety of auto lenders and take advantage of the ability to bundle back end products like GAP and VSC into every deal. Automatic creates an open marketplace for independent dealerships, lenders and other partners. For more information, please visit www.automaticusa.com.
Open Lending Investor Relations Inquiries
Nikki D’Amour for Automatic