GRAPEVINE, Texas -

Officials from defi SOLUTIONS announced this week that their Loan Origination System (LOS) is now integrated with Dealertrack Technologies’ eDocs Solution.

Dealertrack recapped that its eDocs Solution is a comprehensive tool for scanning, processing, imaging, data entry, verification and automatic booking of paper contracts. The integration between Dealertrack’s eDocs and defi SOLUTIONS’ LOS is designed to help create greater contract and funding efficiencies throughout the entire funding process for small- and mid-sized finance 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 at defi SOLUTIONS.

“The integration will allow our users to reap the benefits of both solutions without making an additional integration investment,” Muntz continued.

Prior to this, defi/eDocs integration, the companies insisted could take a year or more to fully integrate an LOS and a finance company’s processes with a digital document service.

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 to 45 days.

“Our integration with defi SOLUTIONS will help open up additional market opportunities for small- and mid-sized lenders, and drive improved operational efficiencies between themselves and their dealers,” said Kathy Kassinos, vice president and general manager of digital document services at Dealertrack.

“We are committed to working with industry partners like defi SOLUTIONS to deliver powerful tools and solutions to lenders of all sizes,” Kassinos added.

defi SOLUTIONS is working with several of their platform lenders to roll out the integrated eDocs solution. The first to launch was, Global Lending Services, an Atlanta-based subprime lending company who uses both defi’s LOS and Dealertrack’s eDocs.

"GLS has automated the receipt and processing of all paper contracts by leveraging the defi to Dealertrack’s eDocs seamless integration which ensures faster processing and funding for GLS deals,” GLS chief information officer Michael Miller said.

“Our dealer packages arrive in the early morning hours and deals proceed to verifications quickly and accurately saving GLS time and expediting the time it takes to get cash to the dealer,” Miller went on to say.