Dealer eProcess and CreditMiner, the real-time consumer pre-qualification auto credit inquiry tool, announced today that it has signed an agreement with Experian, to develop a new and different technology platform that will help streamline the automotive buying process
Downers Grove, IL, January 23, 2015 (Newswire.com) - Dealer eProcess, creators of the CreditMiner real-time consumer pre-qualification auto credit inquiry tool, announced today that it has signed an agreement with Experian, the leading global information services company, to develop a new and different technology platform that will help streamline the automotive buying process. The collaboration will leverage Experian’s Decisioning as a ServiceSM technology which enables Dealer eProcess to connect credit qualified consumers with dealers that can provide the kind of financing that meets the consumer’s needs.
“Car buying can be a lengthy and frustrating process for consumers, especially when financing the vehicle is involved,” said Dave Nemtuda, senior vice president of Experian Automotive. “By working with Dealer eProcess, we hope to change that by leveraging our innovative technology to help assist with better pre-qualification of consumer leads, which can lead to increased approval rates, reduction in bad debt and a decrease in fraud losses.”
In addition to the new platform collaboration, Dealer eProcess will continue to work with Experian to develop innovative solutions in data and technology, allowing Dealer eProcess to maintain its position as the premier provider of credit qualified leads available to dealers today.
"Dealer eProcess, through Credit Miner, was the first company to provide dealers with a real-time solution that returned permissible data to the dealer consistent with their hard inquiry reporting,” stated Don O’Neill, V.P. Sales and Marketing, Dealer eProcess. “Our goal with this new platform is to allow dealers to remain in control of their loan and F&I process, but also enable the dealer to engage in a consultative relationship to best assist a consumer and their vehicle financing needs, allowing for the trust between dealer and consumer to be built at the beginning of the transaction.”
For more information on the Dealer eProcess CreditMiner solution, please visit www.ecreditminer.com or call 877-213-7042.
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft. In 2014, we were named by Forbes magazine as one of the “World’s Most Innovative Companies.”
We employ approximately 16,000 people in 39 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2014, was US$4.8 billion.
With its proprietary process, CreditMiner allows dealers to instantly Pre-Screen and Pre-Qualify consumers in Real Time, without the need for a consumers SS# under rooftop with DeskMiner, Online with VCC, and in the service lane with Service Miner. Our competitors? They provide Dealers with static, dated credit data with static decisioning models. CreditMiner is the only automotive solution that allows Dealers to instantly receive live bureau pre-screened leads from their website, replacing their long form Credit Application page. With extreme conversion compared to your current application page, CreditMiner averages over 286% conversion increases. If we don’t at least double your online application conversion, you don’t pay that month’s fee. It is that simple.
Our soft bureau solutions allow you to sell the right car, to the right customer, EVERY time! Contact us today for a Demo, and let us show you how CreditMiner can change your operation into a more profitable, higher converting, and lower your compliance burden at www.ecreditminer.com.
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