JACKSONVILLE, Fla., Jan. 17, 2019 /PRNewswire-PRWeb/ -- Today, LAUNCHER.SOLUTIONS ("Launcher"), a technology provider specializing in subprime automotive loan originations, announced the deployment of a virtual underwriter named autoBOUGHT. autoBOUGHT not only produces instant decisions, but it allows lenders to step outside the confines of an eight hour work day as they will now be able to supply their offerings on a 24/7/365 basis. Launcher prides itself on building high value lending tools accessible with turnkey or fully customized implementations.
Launcher's appTRAKER Loan Origination System is bundled with a Dealer Portal, a unique solution which facilitates a more efficient interaction between the lender and their dealers. Along with application submission and decision information, the Dealer Portal offers communication with live buyers via a note messaging system, and allows dealers to track the progress of verifications, stipulations, and funding distributions. Dealer Portal enables dealer independence with access to pre-filled loan packets to streamline closings. Signed documents can be uploaded through Dealer Portal's document upload center to help dealers reduce trips to the fax machine.
autoBOUGHT extends the capabilities of the Dealer Portal by providing dealers with an on-demand virtual underwriter. Dealers can receive instant approvals and rehash their deals without the lender's assistance. Its user friendly environment is fully reactive, enabling dealers to switch vehicles and structures instantaneously. autoBOUGHT guides dealers towards acceptable loan structures that optimize their profit while staying within lender defined tolerances. The Lender maintains full control over credit quality, structure tolerances, and the extent of automation involved. autoBOUGHT can be paired with Launcher's auto-structure tool to give dealers even more self-sufficiency. Allowing for auto-approvals and auto-declines, autoBOUGHT also has the ability to refer applications to the lender for review.
With a built-in powerful Graphical Business Rules Management System (BRMS), complex calculations and rules are run on a loan application before and/or after a credit bureau is pulled, allowing for automated decisions to be made on any lender-defined attribute. Inside both appTRAKER LOS and autoBOUGHT, the lender may also seamlessly leverage statistical, machine learning (ML), or artificial intelligence (AI) powered risk assessment solutions from our partners to increase speed and efficiencies while minimizing errors and risk. Launcher provides additional full integration between autoBOUGHT and numerous alternative data vendors, as well as credit scorecards.
About LAUNCHER.SOLUTIONS: LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding. innovation, and speed. It specializes in the subprime/nearprime automotive lending industry. Its innovative products include appTRAKER LOS, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony and custom web development. Learn more about LAUNCHER.SOLUTIONS at http://www.launcher.solutions or call at 877.5LNCHER. Follow us on LinkedIn at https://www.linkedin.com/company/launcher.solutions.
SOURCE LAUNCHER.SOLUTIONS
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