LAKE SUCCESS, N.Y. — Dealertrack recently reported the number of active lenders connected to its Dealertrack Credit Application Network has surpassed 1,500 lenders.
The Dealertrack Credit Application Network, part of Dealertrack's Dealflow Advantage, has grown from five lenders in 2001 the company said. The Dealertrack network allows dealers to electronically submit application data to a diverse network of captives, banks, credit unions and independent finance companies.
“With Dealertrack's Dealflow Advantage and compliance leadership, dealers and lenders are seeing greater efficiencies in financing and selling vehicles through advanced automated processing,” Dealertrack said.
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