FARMINGTON HILLS — RouteOne LLC announced that Atlanta, Ga.-based SunTrust Bank is now participating on RouteOne’s eContracting platform. SunTrust, with total assets of $178.3 billion on June 30, is one of the nation’s leading financial services holding companies.
RouteOne’s unique eContracting capability delivers valuable features and benefits and enables the creation, execution, storage, and management of motor vehicle finance agreements and ancillary documents. eContracting also provides an imaging capability, eliminating the need for related paper documents to be sent separately from the eContract package and streamlining the vehicle financing process.
“SunTrust has always been a great supporter of RouteOne, and we are pleased that they will be engaging dealers through the RouteOne eContracting platform,” said Mike Jurecki, RouteOne CEO. “We look forward to working with SunTrust and our shared customers to recognize the benefits of eContracting, which include faster funding and reduced charge backs.”
“SunTrust is pleased to partner with RouteOne and to provide all the benefits of eContracting to our mutual dealer clients. This efficient platform offers multiple features that can improve the financing process, resulting in a positive experience for both the dealer and the client,” said Rocky Waldrop, head of SunTrust Dealer Financial Services.
RouteOne was formed in 2002 by Ally Financial (formerly General Motors acceptance Corp.), Ford Motor Credit Co., TD Auto Finance (formerly Chrysler Financial), and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to North American franchised and independent dealers, 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’s open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.