Veros Credit is poised to continue its record-breaking success of 2019 in the new decade

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Veros Credit had record-breaking success in 2019, entering six new markets and experiencing 20% growth over the prior year. With the opening of additional territories and technological enhancements, 2020 is on track to deliver even better results.

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It is a very exciting time to be a part of Veros Credit and the improvements we continue to make for both the dealer and customer experience will continue to drive growth that is scalable and sustainable

In a hyper-competitive market space, Veros Credit experienced a record-breaking year in 2019 and is positioned to deliver even better results in the coming year. Its commitment to technological enhancements in all stages of each account is relentless and continues to be the driving force behind the recent growth. By leveraging technology to enhance the dealer experience, Veros Credit captured a 20% increase in loan origination year-over-year, while cutting dealer funding time by 50%! These critical enhancements have boosted dealer satisfaction to an all-time high. According to Harvey Singh, the Chief Operating Officer of Veros Credit, “We made the process as seamless and as painless as possible for our partnered dealers so that they can expect a positive, fair, and efficient outcome every time. Experience and feedback taught us what our dealers needed, and we simply invested intelligently to meet the demand.”

Technological innovation and implementation are just a part of the business strategy at Veros Credit; maintaining positive and mutually beneficial relationships with dealers remains paramount. Veros Credit provides extensive dealer support in all phases of the origination process. Said Harvey Singh, “We do not just deliver technology to the doorstep of our partnered dealers; rather, we show them how to use it to better their business.”

This strategy has enabled Veros Credit to enter six new markets in 2019, experiencing 20% growth over 2018, and is expected to exceed that accomplishment in the coming year with additional territories that are expected to open in 2020. Opening new markets will include the roll out of new programs for independent and franchised dealers alike. The Veros Credit Franchise Dealer Program was another enhancement of 2019 that will be a point of emphasis in the years to come. Veros Credit designed a model that provides quick decisions with competitive rates while dovetailing complete dealer support throughout the program.

“It is a very exciting time to be a part of Veros Credit and the improvements we continue to make for both the dealer and customer experience will continue to drive growth that is scalable and sustainable,” said Mr. Singh.

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Stephanie Bozorgi
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