Sales Finance and Auto Finance
The Loan Manager breaks down two major financial processes that are intertwined: Sales and Auto transactions. Loan Manager makes these joint yet often very distinctive tracking tasks easy and less time-consuming overall.
Sales Finance
- Three reserve from charges and/or principal fields calculated or entered
- Participation reserve paid or held for future payment
- Tracks volume and outstanding losses by dealer, by month and year
- Pays dealer through ACH if desired
- Establishes full, partial or non-recourse accounts
- Tracks and earns dealer discount
- Participation reserve used to increase dealer check
- Weekly, semi-monthly, bi-monthly, and monthly payment plans
- Revolving credit system
- Option to write one check to dealer for more than one contract
- Sales finance quoter can be saved and recalled when contract arrives
- Dealer tracking and relationship management reporting
Auto Finance
- Option to enter down payment and/or trade in
- Search for customer by last six digits of VPN
- Track repossession information
- Collateral screen includes year, make model, title number, VIN and mileage
- Option on warranty insurance to pay dealer a commission
- Support monthly, semi or bi-monthly payment plans
- Track auto insurance information