NASHVILLE, Tenn., Jan. 17 /PRNewswire/ -- Chase Auto Finance's Custom Finance business has joined the growing list of lenders available on Remarketing Solutions' Dealer Auto Funding Solutions (DAFS) platform that connects independent automobile dealers with major retail financing lenders.
DAFS is a Web-based decision and risk analysis program powered by technology from California-based Bankers Integration Group (BIG). BIG's online auto finance and insurance portal gives dealers the ability to make retail financing decisions in real time and finalize consumer transactions in seconds with a complete tier of national and regional lenders. The program is administered through Manheim's Remarketing Solutions subsidiary, the industry's leading third-party provider of recovery, inspection, transportation and other remarketing services.
"The addition of Chase Custom Finance is a big step in the national rollout of the DAFS program and in providing independent dealers with the same range of customer financing options that franchise auto dealers have," said Mark Brunn, vice president and general manager for Remarketing Solutions.
"Joining DAFS will help us serve even more independent automobile dealers and their retail customers," said Bill Jensen, head of Chase Custom Finance, which specializes in non- and subprime lending, serving more than 10,000 franchised and independent automobile dealers across the country from 29 offices in key markets.
Among the financial institutions already connected to DAFS are Bank of America, Bay View Acceptance Corporation, Bank of Stockton, Crescent Bank, Fireside Bank, Guaranty Bank, and Nationwide Acceptance Corporation.
Manheim and Remarketing Solutions plan to complete the national rollout of the DAFS program by mid-year.
About Manheim
Manheim is the world's leading provider of automotive services to commercial sellers and automobile dealers. By offering multiple selling opportunities and a full array of services -- reconditioning, certification, marshaling, title management, managed remarketing, repossession, end-of-lease- term management, retail inspection, vehicle transportation and dealer floor planning -- Manheim impacts every stage of a used vehicle's life cycle.
Manheim also is the leading technology provider, supplying tools to help commercial sellers and dealers not only manage their businesses, but also realize the full value of their vehicles.
A wholly owned subsidiary of Cox Enterprises, Manheim is a global organization with 32,000 employees at its 124 worldwide locations.
About Remarketing Solutions
Remarketing Solutions, a wholly owned subsidiary of Cox Enterprises' Manheim, provides progressive, customized solutions and services to the automotive industry. Currently operating six business units, including Recovery Solution, Inspection Solution, Title Solution, Auction Solution, Transport Solution, and Fleet Solution, Remarketing Solutions continues to meet the evolving needs of the vehicle remarketing marketplace through dedication to technological advances, product development and exceptional customer service.
About Bankers Integration Group, Inc.
Bankers Integration Group is an application service provider whose patent- pending BIGFNI software solution provides a Web-based risk analysis engine that is unique to the auto finance industry. The BIGFNI solution does more than simply automate the finance application process between banks and automobile dealers. It provides a powerful tool for prescreening loan applications and matching them to lender programs. For more information about Bankers Integration Group, Inc., visit the company's Web site at www.bigfni.com.