Last week F&I Sentinel announced that it has entered into an agreement with Exeter Finance.

According to a news release, the agreement provides Exeter Finance with F&I Sentinel’s comprehensive end-to-end F&I product platform to ensure that F&I products financed by the company that specializes in the subprime space are compliant with all requirements.

“We’re proud to partner with Exeter and share its continued commitment to ensuring that the F&I products the company funds are compliant and provide real value to the end consumer,” F&I Sentinel founder and CEO Stephen McDaniel said in the news release.

“To that end, we are committed to offering Exeter Finance and our other partners our state-of-the-art CITADEL and FAIRRCalc compliance solution that reduces regulatory risk as well as litigation exposure,” McDaniel continued.

CITADEL is a cloud-based compliance solution that is designed to protect finance companies, dealers and consumers by mitigating the reputational, financial, litigation, and regulatory risks connected with the sale and financing of vehicle finance and insurance products.

FAIRRCalc is geared to be a turnkey cloud-based solution delivering instantaneous and accurate refund quotes on GAP waivers approved for financing. FAIRRCalc can provide comprehensive support for compliant GAP waiver transactions, including “penny-perfect” refund calculations, communication with both providers and dealers, and easy-to-use integrations.

The seamless integration between F&I Sentinel’s CITADEL and FAIRRCalc platforms can allow service provider to finance companies such as Exeter with a compliance solution that addresses the entire life cycle of an F&I product.

“Being in a consumer-driven industry, compliance is always top of mind for us at Exeter. We are diligent about having safeguards in place to protect our customers, dealer partners, and our business,” Exeter Finance senior vice president of loan originations Jerad Brown said in the news release.

“We’re excited to partner with F&I Sentinel to take that even further by ensuring that the F&I products we finance meet all applicable requirements and provide value to everyone involved,” Brown continued.

McDaniel emphasized all F&I products in the CITADEL and FAIRRCalc database have undergone a rigorous credentialing process to ensure compliance with the finance company’s requirements for funding. In addition, he said the database is accessible by the finance company 24/7/, providing the client with immediate electronic access to and control over all F&I product forms it finances.

“As we continue to expand our value proposition and innovate our solutions, we’re confident that our suite of services will continue to help automotive finance companies, dealers, and consumers now and into the future,” McDaniel said.