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Exeter Finance Joins RouteOne

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The Farmington Hills online auto financing aggregator RouteOne LLC announced that it has completed integration with Irving, Texas-based Exeter Finance Corp., a specialty auto finance company that provides financing services to select franchised auto dealers throughout the United States. 

Exeter dealers may now send their credit applications electronically through the RouteOne platform, as well as access credit bureaus, verify contract statuses and manage the entire scope of their credit application process.

Exeter’s underwriting and verification teams work in local branches, rather than a centralized facility, enabling personal service and continuous access to decision-makers. Exeter recently opened branches in the Atlanta and Philadelphia markets in addition to its current locations in Irving, Texas; Independence, Ohio; Paramus, N.J.; Schaumburg, Ill.; St. Louis, Mo.; and Manchester, N.H.

“Joining the RouteOne platform will enable a greater level of ease, access and convenience for our dealers during transactions,” said Mark Floyd, CEO of Exeter. “We strive to provide exceptional service to all our dealers through our proven branch model of local underwriting, funding and relationships, and are confident that the integration with RouteOne will be a boost to our organization.”

“We welcome Exeter Finance Corp. to our platform,” said Mike Jurecki, RouteOne CEO. “It’s important to us to provide our dealers with the widest variety of finance sources possible. The addition of Exeter Finance Corp. allows us to expand our lender base and better serve our dealer customers.”

Exeter reached $100 million in total originations in May 2010.

RouteOne was formed in 2002 by Ally Financial (formerly General Motors Acceptance Corp.), Chrysler Financial, Ford Motor Credit Co., and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne’s Web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne’s free Dealer Reporting Suite. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.

More about Exeter Finance at www.ExeterFinance.com.
(c) 2010, WWJ Newsradio 950. All rights reserved.

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