E-net Financial Services, Inc. (E-net) interface’s with different software and internet e-commerce services to bring together automobile dealers and lenders to speed up the loan approval process. The process reduces costs to all entities while making the automobile purchase safer, faster, and easier for the consumer, dealer and lender. Using our exclusive Lender Selection System (LSS), E-net creates a single source application that combines all of the components of the sale into a straight-forward internet-based system.

The Software is a (SaaS) process that gathers information from a customer’s questionnaire, credit application, credit bureau report and of course the deal structures itself at the dealership. Then it queries all of the combined information at one time against all the credit risk models of the different lenders a dealer is associated with. Each dealer could have 10 to a 100 lenders credit risk models evaluated by the Sales or Finance Manager at the same time.

The whole LSS process takes less than a few seconds to tell the Manger which of the lenders they are associated with and which of the tier levels of those lenders that would most likely approve the loan application if they were to submit it to them. The dealer can rework and reprocess the loan application package with the Customer until they get a loan package together of their choosing that has up to a 95% probability that one or more of the lenders the dealer is associated with will approve the loan package. With E-net process it allows the dealer to know on the front end of the sales process which of their lender’s have the highest probability of approving the complete loan package before they close the deal with the customer. No more guess work or days to approve a loan.

The dealer can rework and reprocess the loan application package with the Customer until they get a loan package together that has up to a 95% probability that one or more of their lenders will approve it. With E-net’s services it allows the dealer to know on the front end of the sales process which lenders have the highest probability of approving the loan package before they close the deal with the customer.

For the lender E-net provides secure solutions which address trends, and challenges many of the banks, lenders, and credit unions face today. This includes market and industry changes, issues surrounding regulatory constraints, speed of customer responsiveness, and the pressure to revitalize and transform the up front loan origination systems. Look to Book Ratios with dealers are a big concern with lenders. E-net maintains a dealer’s Look to Book Ratio at 45% or above.