Solex LLC, provider of online lending technology, has added more than 800 RV dealers on the system, according to a news release.
Idaho Falls, Idaho-based Solex is an online lending program designed specifically for the RV, marine, motorcycle and power sport industries. Solex provides dealers with instant loan approvals and compliant loan documents within seconds.
“Processing and completing closing documents has always been a hassle in this industry,” said Steve Butler, CEO and president of Solex, “but with Solex, dealers and financial institutions can move into the electronic world with minimal effort, and reap the cost-saving benefits of a much more efficient way of doing business.”
Solex, designed specifically for the consumer-lending marketplace, connects lenders and dealers through the web, providing F&I managers with the industry’s first fully featured online lending solution. An easy-to-use, web-based program, Solex walks users through the application process, allowing them to submit loans quickly, with an advanced document engine that creates compliant loan document packages easily printed from any standard printer. In addition to minimizing risk and streamlining processes, Solex guarantees accuracy, security and compliance.
“We provide automatic updates, automated submission capabilities, side-by-side comparisons, menu-selling functionality, and the ability to print from any standard machine — plus we guarantee the contracts are compliant. The days of shuffling papers and messing with dot-matrix printers are over,” Butler said.
“In today’s economic environment, we just can’t afford to continue doing business as usual,” said Ty Jenkins, founder of Solex, “Time consuming, outdated methods only cost the dealer and the lender money. Tight budgets require new solutions. Solex is a unique business tool that makes the whole transaction easier and faster for those who are selling the products and doing the financing, and in the end shows a much more efficient process for the customer as well. We want to help RV businesses succeed, no matter what the market does, and with Solex, I think we’re doing that.”