Englewood, CO (PRWEB) August 24, 2006
Aimbridge® Indirect Lending recently announced that Ferman Nissan has successfully implemented PowerBridge™, a system integration solution, to streamline their loan application process. Aimbridge Indirect Lending is a national distribution channel that connects financial institutions with automotive dealer networks to facilitate automobile loans.
PowerBridge™ is the latest addition to the AimbridgeConnect™ suite of lending tools. It is a technology solution that electronically connects Aimbridge dealer partners to AppLine™, the Aimbridge online application tool, from their Dealer Management System (DMS). PowerBridge is accessed through the dealer’s existing Aimbridge workflow management system.
According to Steve Straske, Vice President and Corporate Counsel for Ferman Management Services Corporation (which is the management company for the Ferman group of retail automobile and motorcycle dealerships, including Ferman Nissan), PowerBridge allows for real-time transmission of application data from the DMS directly into AppLine. “PowerBridge provides us with greater efficiency and accuracy in the submission of loan applications to credit unions. Because the data downloads directly from our DMS into AppLine, we are able to process applications faster and with a greater level of accuracy”, said Straske. “These two factors as well as the future advantages of using a product like this one are the primary reasons that Ferman Nissan adopted PowerBridge into our loan application process.”
“We are very excited about the opportunities that PowerBridge affords our dealership partners,” said David Lindsey, Vice President of Technology at Aimbridge. “With this type of connectivity in place, the sky’s the limit in terms of what we can accomplish in the name of productivity and efficiency. Everything from quicker, more accurate loan booking and processing, to direct support of e-contracting and e-signatures become realities with PowerBridge. With PowerBridge in place, we can market dealership vehicle inventories directly to our extensive customer base and drive volume into the dealership.”
About PowerBridge for Dealers
PowerBridge is a technology solution that electronically connects the Aimbridge lending system to dealerships’ as well as lenders’ core processing systems thereby creating a real-time channel for transmission of data. PowerBridge is accessed using the Aimbridge workflow management system, and the AimbridgeConnect suite of lending tools.
Dealer Management System integration to AppLine™
Auto-population of loan application data to and from the DMS
Support of eContracting, eSignatures, and eDocument Fulfillment
Vehicle Inventory hosting and lead generation
In 1895, as bicycles were becoming all the rage, Fred Ferman, just 21 years old, became the sole owner of a small bicycle sales and repair shop in small-town Tampa. Before there were gas-powered contraptions on Tampa's dusty streets, there were horse-drawn carriages and wagons, and importantly for a young Fred Ferman, there were bicycles. But Fred saw a new world of transportation taking hold, and in 1902, he applied for and was awarded a pioneering sales agency to sell the famous Curved Dash Oldsmobile -- the first mass-produced automobile. This was the beginning of a family business which would operate and prosper well into the 21st century.
Today, with 12 brands at 18 locations in three counties, and over 1000 dedicated employees, the Ferman Motor Car Company pledges to continue its century plus tradition of providing quality transportation products -- automobiles and motorcycles -- and excellent service. In a world of corporate mission statements and profit objectives, Ferman Motor Car Company bases its entire business philosophy on one simple premise: The Golden Rule. It’s a philosophy that has earned Ferman the trust and respect of the car-buying public -- one customer and one car at a time.
Founded in 1994, Aimbridge markets auto loans and insurance products through partnerships with financial institutions and auto dealerships. The company helps its partners attract customers or members and deepen their relationships by providing reasons to do business locally.
Aimbridge Lending is comprised of Aimbridge Indirect Lending and Aimbridge Financial Services. The company is headquartered in Englewood, Colorado and has remote offices throughout the United States.
For additional information, visit http://www.aimbridge.com.