With the aid of TARGUSinfo, we’re streamlining this process by integrating real-time verification of applicant information. Our verification of applicant phone numbers jumped 380 percent across all channels shortly after we started working with TARGUSinfo
Vienna, VA and Dallas, TX (Vocus) March 18, 2010
In effort to help streamline the approval process for its qualified used car auto loans, Santander Consumer USA Inc., today announced that it will add On-Demand verification from TARGUSinfo on all auto loan applications received from its network of 12,000 dealers and through its online Web site brand.
Through the integration of the new service, consumers seeking auto loans via their local auto dealer or at RoadLoans.com will have their name, address and phone number(s) instantaneously verified by TARGUSinfo, the trusted leader in On-Demand Insight® linking billions of consumer and business attributes in real time, to help decrease application approval time.
"Every day there are hundreds of thousands of auto loan applications submitted in the industry that undergo a 24-hour manual review process for approval," said Rush Blevins, director business strategies, Santander Consumer USA Inc. "With the aid of TARGUSinfo, we're streamlining this process by integrating real-time verification of applicant information. Our verification of applicant phone numbers jumped 380 percent across all channels shortly after we started working with TARGUSinfo."
The real-time ability to verify consumer data increases Santander Consumer USA's ability to approve loans more quickly and helps dealers to close deals. With fewer documentation stipulations, dealers can receive faster funding -- which results in a better car-purchasing experience for everyone without increased risk to any parties involved.
"Santander Consumer USA does a terrific job differentiating itself for dealers and consumers looking for rapid loan approvals," said Dorean Kass, director, TARGUSinfo. "We are pleased to work with such an industry leader and happy to do our part and provide our On-Demand Verification services to help stimulate lending in the US market."
TARGUSinfo provides On-Demand verification for the financial industry by enabling a faster and more efficient means to verifying information across the industry's most robust set off identities and attributes on its real-time network.
Blevins added, "Our new process, leveraging TARGUSinfo's expanded ability to link attributes such as mobile phone data to addresses and other relevant information, goes a long way to lower our costs, minimize our risk and improve satisfaction for our dealers."
TARGUSinfo, the trusted provider of On-Demand Insight® to the most recognized brands, links and delivers more than 62 billion real-time attributes a year to drive smarter customer interactions on the Web, over the phone and at the point of sale. For more than a decade, Fortune 500 companies have turned to TARGUSinfo to enable improved audience targeting, better customer experiences, higher conversion rates and increased customer lifetime values by using TARGUSinfo identification, verification, scoring and location solutions. TARGUSinfo offers a complete range of solutions to help organizations make better decisions leveraging patented processes built on a proprietary network and its unique predictive analytics capabilities. A profitable and privately held company, TARGUSinfo is headquartered in Vienna, VA with offices in San Diego, Chicago, San Francisco and New York. For more information, visit http://www.TARGUSinfo.com.
About Santander Consumer USA
Santander Consumer USA is a leading company in the automotive finance sector, whose core business is indirect, direct and third-party originations and servicing of auto loans. With its Drive® (http://www.drivefinancial.com), Santander Auto Finance (http://www.santanderauto.com) and RoadLoans® (http://www.roadloans.com) brands, SC USA's finance programs cover the entire non-prime spectrum.
The company began originating loans in 1997 and is headquartered in Dallas. The company is owned by Banco Santander (NYSE: STD), a leading international commercial and retail bank with 91 million customers served by nearly 14,000 branches in its main markets.
Santander Consumer USA, Inc.
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