GRAPEVINE, Texas ─ defi SOLUTIONS announced that its Loan Origination System (LOS) is now integrated with Dealertrack’s eDocs solution.
Dealertrack eDocs provides for scanning, processing, imaging, data entry, verification and automatic booking of paper contracts. The integration between Dealertrack’s eDocs and defi SOLUTIONS’ LOS will help create greater contract and funding efficiencies throughout the entire funding process for small- and mid-sized lenders, according to the companies.
“Integration with Dealertrack is a key part of defi SOLUTIONS’ strategy to offer easy access to industry leading data and services to automotive lenders seeking highly efficient and compliant processes,” said Georgine Muntz, Strategy and Business Leader, defi SOLUTIONS. “The integration will allow our users to reap the benefits of both solutions without making an additional integration investment.”
Prior to this defi/eDocs integration, it could take a year or more to fully integrate an LOS and a lender’s processes with a digital document service, the company said. As a result of this partnership, for example, the time needed to integrate scanning services into an LOS and a lender’s operations can take as little as 30-45 days.