LOS ANGELES--(BUSINESS WIRE)--Westlake Financial Services, a technology-driven auto finance company, announces its availability on RouteOne’s eContracting platform, which streamlines processes to a rapidly growing list of dealers nationwide.
Westlake Financial is a tech-savvy company constantly implementing cost-saving and innovative technology-based initiatives to foster business and meet the demands of its expanding customer base. “For Westlake, RouteOne eContracting is all about providing faster funding to our dealers,” explains Ian Anderson, Group President of Westlake Financial Services. “We’ve always been about auto-decisioning, and we see this as a step toward auto-originations.”
Westlake’s strategic advantage includes offering a comprehensive, fast and secure originations process. This process is supported by pairing dealerships with knowledgeable credit analysts to assist them in buying deals, verifying stipulations and funding.
“RouteOne is a great partner to Westlake and to our dealers,” stated Mark Vazquez, Westlake’s Senior Vice President of Sales. “Launching eContracting will add efficiencies in our originations process by getting decisions faster, reducing contract errors, and in the end, providing better service through faster funding.”
Using RouteOne’s eContracting platform, dealers receive electronic validation and distribution, ability to audit throughout the entire contracting life-cycle, and a user-friendly signing process that can be done using signature pads, tablets or nearly any touch-screen device.
“We are pleased to expand our finance source availability to our dealer customers,” stated Mike Jurecki, RouteOne CEO. “Both RouteOne and Westlake are passionate about technology and bringing efficiencies to the entire vehicle purchasing process. eContracting accomplishes this in many ways including seamless sharing of data and comprehensive validation prior to the customer signature, all which lead to faster funding and improved Customer Satisfaction Index.”
Dealerships interested in financing their customers through Westlake financing can go to www.westlakefinancial.com or can learn more information by calling 1-888-893-7937. Dealers and finance sources interested in eContracting can contact RouteOne at 866.768.8301.
About Westlake Financial Services: Westlake is an internet based, privately held finance company that specializes in the acquisition and servicing of prime to sub-prime automotive retail installment contracts. Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 20,000 new and used car dealers throughout the United States. Westlake also offers portfolio purchasing through their ALPS division (Advanced Lending & Portfolio Services); www.WestlakeALPS.com. Direct to consumer title loans and unsecured loans are done through Westlake’s wholly owned subsidiary, Wilshire Consumer Credit. Flooring lines of credit are done through their Westlake Flooring Services division, visit www.WestlakeFlooringServices.com for further information.
About RouteOne: RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to improve the F&I process for automobile dealers and their customers. Connecting thousands of dealers and finance sources in North America for vehicle financing, RouteOne’s platform delivers a comprehensive suite of F&I solutions across multiple channels: in-store, online, mobile and via third-party solutions. Its flagship products include credit applications, eContracting, compliance, and online/mobile retail services. In addition, RouteOne enables dealer choice across a wide variety of best-in-class providers through open integrations with over 125 DSPs. More information is available at www.routeone.com.
