Curomax Canada Inc., a leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in North America, announced an agreement with New Brunswick-based Caisses Populaires Acadiennes to enhance its lending capabilities by implementing its Internet-based loan origination platform.
Caisses Populaires Acadiennes is a regional lender that offers a wide range of financial services and products, including a point-of-sale financing program through its financing center, which operates under the name of Acadia Financing Center.
Implementing the Curomax platform will automate the process of financing an automobile, recreational vehicle or marine product, enabling dealers to submit consumer loan applications electronically and improve their ability to track the status of individual deals. This service will be available to all Caisses Populaires Acadiennes members in New Brunswick.
"Members' needs are our main priority, and we have always sought to be innovative and proactive in the way we offer financial products and services," said Kathleen Albert, director of Operations for Caisses Populaires Acadiennes. "With the implementation of the Curomax platform, we will be able to offer dealer finance e-commerce solutions, as well as be more accessible to our members throughout New Brunswick, furthering our role as an innovator and leader in meeting the needs of our members."
Dealers use Curomax to submit transactions to the lender of their choice, obtain on-line, real-time credit decisioning, update deal status and produce all necessary lender contract documentation. Additionally, through the use of its industry leading communication platform, Curomax efficiently facilitate deals with dealers and credit officers that require further information to be completed successfully.
"By working with Caisses Populaires Acadiennes, we gain a regional lender capable of providing New Brunswick dealers with a service that enables them to improve operational efficiencies, reduce business costs and improve product offerings," said Alan H. Bird, president and CEO of Curomax Canada Inc. "This e-commerce solution will allow dealers to finance assets for their customers in real time and help them gain a competitive advantage in their marketplace."