Aimbridge Indirect Lending Enhances Aimbridge Connect

DENVER – Aimbridge Indirect Lending, a division of Aimbridge Lending has added new features to its Aimbridge Connect system the company says makes it easier to navigate and includes more automated functions that make the loan application approval process faster and more efficient. The Aimbridge Connect system enables auto dealers to immediately track and verify auto loan applications from entry through funding online. Through Aimbridge Connect, dealers have access to LoanTrack and AppLine, the online application component of Aimbridge Connect that makes decisions on loan applications in 10 seconds. Dealers submit applications through AppLine and a decision is automatically made. Dealers can use LoanTrack to check the status of applications. Through this tool, loan funding decisions are sent to dealers. AppLine’s new functions for dealers include an automated membership eligibility check so dealers can find out if a potential car buyer is a member or is eligible to join one of Aimbridge’s participating CUs. AppLine has a pre-fill functionality which automatically enters data about the potential member. It also provides dealers with better access to credit union auto loan rates. Dealers can access Aimbridge Connect through a new Web site, www.aimbridgeconnect.com. When they enter the Web site, they select the “Dealers” option, enter their assigned password and view all of the current contracts they have with Aimbridge Indirect Lendin. Contracts are queued on one of four pages: Submitted for Decisioning, Approved/Declined, In for Funding, Declined. Contracts automatically move to different queues as their status changes. Dealers can also search for specific loan applications by selecting the “Search” option, entering their search criteria, and selecting “Go.” Aimbridge CEO Steve Bentley said the enhancements to Aimbridge Connect will make CUs more competitive in the dealer marketplace.