RouteOne LLC announced today that CFE Federal Credit Union (CFE) has integrated with its credit application management system.
CFE is the first finance source to integrate with RouteOne using Teres Solutions' SAIL Indirect software, which allows CFE to electronically tap into the RouteOne network to receive and manage auto loan applications, while expanding indirect lending opportunities.
RouteOne, a collaborative effort by DaimlerChrysler Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services, provides a single point of access for dealer credit applications to some of the largest auto lenders and banks in North America. RouteOne's web-based system offers dealers the opportunity to exchange credit application and credit decisions in near real time.
"We are pleased to be able to offer our dealers the increased efficiencies that RouteOne's web-based system provides," said Joseph A. Melbourne, Jr., President and CEO of CFE.
"We welcome CFE to our list of available finance sources," said Mike Jurecki, RouteOne CEO. "We are committed to expanding our finance source reach to make the financing process easier for dealers and their customers."