ATLANTA -

CRIF Select, a division of CRIF Lending Solutions and leading provider of indirect lending solutions, recently teamed with Dealertrack’s Digital Document Services (DDS) to provide Dealertrack’s eDocs solution for digital contract processing to CRIF Select’s partner institutions and dealerships.

Dealertrack’s eDocs is a comprehensive solution for the scanning, data entry and verification of paper contracts. The partnership between Dealertrack and CRIF Select is geared to help drive greater contract and funding efficiencies for all of CRIF Select’s partners. CRIF Select will offer this solution as part of its Select Complete and Select Choice offerings.

“Same-day processing is a huge benefit for us,” said Chuck Smith, senior vice president and chief lending officer, Texas Dow Employees Credit Union, a CRIF Select client. “Reductions in response times are essential for streamlining our operations, and there’s the added bonus of shipping cost reductions.”

As Dealertrack processes more than 9 million contracts each year, both CRIF Select and Dealertrack insisted that finance companies can be confident they are benefitting from a partnership between two industry leaders as well as a dynamic and innovative solution that will bring direct benefits to their business.

Dealertrack’s eDocs can improve efficiency as digital documents are delivered quickly.

“Our partnership represents a major step forward in the quality of indirect lending services that we provide,” CRIF Select president Jeremy Engbrecht said. “This is the latest example of how we’re continuously searching for innovative ways to streamline the lending process with faster payments for dealers and superior service for our lenders.”

Kathy Kassinos, vice president and general manager of Dealertrack DDS, added, “We see tremendous opportunities for dealer and lenders to transform their businesses through digital document administration and management.

“We are committed to partnering with industry leaders, such as CRIF Select, to drive efficiencies throughout their operations, while helping to reduce costs for dealers and lenders,” Kassinos went on to say.