Advanced Financial Technology, a leading Automotive Smart System Decisioning solutions provider, has announced the partnership with CarsRemarketing Inc to promote AFT auto decisioning system called “Smart Auto Decisioning” to deliver high performance automated auto lending solutions that will help Credit Unions to generate and leverage loan approval process by interfacing with Cars-Remarketing Web based services. By using Smart System, Credit Unions can customize rules and guidelines to their specific requirements by simply accessing the program this will provide accuracy and up to date financial rates for members and consumers who are seeking to buy repossession cars or to simply purchase used cars. This will improve the process of existing LOS by interfacing with our auto decisioning Credit Union "book-to-look ratio. Our mission is to simply provide ways to generate more loans and leads to increase members online by providing them with more optional choices in purchasing a vehicles online.
AFT web-based platform will automate Credit Unions eligibility and commitment management process. For each closed loan submitted by Credit Unions, Automated Auto Decisioning Engine will establish eligibility with Credit Unions guidelines with regard to the Credit Union Members particular commitment with Credit Unions. AFT Auto Decisioning Engine is simple to interface with any existing systems.
Through the use of the (AFT) application, CARS CUSO will be able to provide a simple and quick experience as Credit Union members will be able to purchase Credit Union owned repossessed vehicles and finance them. As we look to the web for better and more encompassing communication, we must deliver on the marketplace expectation that the purchaser does not run into a dead-end. With this new experience, a purchaser will not only have a direct connection to the financing but will also possess the knowledge upfront if they are qualified for the loan in the first place. The process may be ideal and then fail if the loan is not approved. Now the loan will be approved AND the purchase will know that they are qualified for the amount and terms they are requesting. Why waste time looking at vehicles to buy when the financing will not go through. This way the consumer (member) can shop with confidence. To that end, a member can even be approved for a loan without a vehicle in mind, thus becoming pre-approved for a specific "limit" of loan amount. In this way, the purchaser will be able to be pre-approved first if they like and then shop for vehicles that they know they will be able to pay for.
This whole process brings vehicles to the member that prior were only available to dealers through "closed" dealer only auto auction. What we are doing is via the web making these vehicles available to the public without the dealer markup. The purchaser will save possibly thousands and still be able to have the benefits of Credit Union financing. A win for everyone, the Credit Union successfully transfer another vehicle and the member is able to gain access to many thousand of vehicles for much reduced prices. As this connection grows it will undoable be another one of those great enablers of the Internet that saves time and money for those involved and brings better value to the purchaser “Said Rob Wagner Director of National Remarketing.”
"Our goals are to provide wide range of automotive purchasing power through our relationships with CarsRemarketing. Our focus is to help Credit Unions leverage the automotive market to accommodate members and none members to have simple, easy way of having more purchasing power online which will help increase loans and gain further success in automotive lending. "AFT is looking forward to working with Cars-Remarketing Inc to help deliver state of the art technology through Cars-Remarketing network with local and national Credit Unions to enhance and leverage the automotive loan process tool that can help consumers and members the power to have the convenience of applying for a loan with a click of a mouse no matter where they live in North America. Advance Financial Technologies existing integrations with many mortgage institutions and commercial banks services has provided us to leverage and go one step ahead of our competitions,." said Paul Kim, Senior Vice President of Advanced Financial Technologies.
About Cars-Remarketing Inc
CARS Remarketing has over 45 years of proven experience in automotive and consumer lending, leasing and vehicle remarketing. CARS Remarketing has designed programs to better help you navigate the new 21 st century remarketing business paradigm. These programs have been specifically designed to aggressively remarket your vehicles at wholesale auctions across the country and other appropriate channels.
The "business" of remarketing automobiles has entered a new age, ever evolving and CARS remarketing is ahead of the curve.
About Advanced Financial Technology
AFT Solutions leverages the internet with an intuitive interface that offers lenders access on a pay-per-use basis to define their own loan products and in-house guidelines on AFT Solutions' patent-pending, rule-based processing platform - eliminating the financial obstacles of expensive software packages, maintenance staff, and expensive computer hardware. Furthermore, AFT Solutions opens up a large, new market by enticing lenders across multiple industries to save on labor costs, strengthen their fraud prevention, improve their decision accuracy, and gain efficiency in their operations for underwriting, optimization, securitization, pricing and the delivery of financial approval decisions, which can occur within seconds for their customers utilizing our platform. 
