Irving, Texas (PRWEB) August 19, 2005
Company officers at myAutoloan.com have announced the successful development and implementation of the latest version of their patent pending Preferred Placement® process. The service uses an electronic application evaluation and analysis tool to match borrowers seeking financing for new/used, private party, and refinance auto loans with national lending institutions.
The newest version of Preferred Placement® significantly adds to the degree of consumer targeting for each participating lender on the platform, complementing its ability to target vertically within the entire credit spectrum and segmenting horizontally within every auto loan product type.
ÂOur Preferred Placement® technology has been the key to our success,Â said Dale L. Peterson, President of myAutoloan.com. He added, "The new version further ensures that we match the right lenders with the right buyers.Â
In addition, the company has made its Preferred Placement® technology available to the entire direct lending marketplace. Preferred Placement®, with its automated credit application processing and consumer targeting ability, has applications across a variety of loan types including mortgage, home equity, credit card and marine lending.
myAutoloan.com is an internet-based auto financing marketplace dedicated to providing consumer choice for all aspects of the auto research, finance, buy and drive process. myAutoloan.com offers a wide range of products and services to simplify the search for information and funding alternatives. Consumers are provided with a secure, confidential process to obtain multiple, direct-to-consumer auto loans. For more information, contact Blake Lewis, APR at 214-540-3350 or call toll free 1-866-625-2668.