Solex, Advantage Credit Partner to Offer Automated RV Loan Credit Checks

Business Wire, Oct 1, 2007

Partnership offers dealers, financial institutions immediate access to accurate credit scores

IDAHO FALLS, Idaho -- Solex, an online lending solution, announced today a partnership with Pensacola, Fla.-based Advantage Credit International to provide automated credit reporting for recreational vehicle (RV) and marine loans approved through Solex's financing and insurance (F&I) software.

Solex connects RV and marine dealers to partner financial institutions through the Web, providing instant financing options for qualifying borrowers and compliant loan documents for the lender. Through the partnership with Advantage Credit, both dealers and lenders have immediate access to complete credit reports from the three credit reporting bureaus. Dealers only enter a customer's information once in their system and the Solex portal allows them to request and view the credit report.

"With the growth in RV and marine purchases, we offer dealers and lenders an easy, automated way to quickly obtain the relevant credit data for any customer," said Kelly Gontarski, vice president of Marketing for Advantage Credit. "The combined technology offering and expertise of both Advantage Credit and Solex helps close more loans with the terms that are most beneficial to the customer, the dealer and the bank."

Gontarski said the partnership with Solex was a natural extension of their work in the mortgage industry, where Advantage Credit is the fifth largest credit-reporting agency and a leader in fighting fraud. Solex's F&I tool minimizes risk and streamlines processes for retailers and lenders, while guaranteeing accuracy, security and compliance, resulting in increased revenue and efficiency. Solex also guarantees that the document packages will contain the most current, up-to-date documents required by the lender.

"Easy access to credit histories is an important element in helping dealers and financial institutions make quick, accurate decisions on loans for RV buyers," said Doug Moss, vice president of Sales for Solex, LLC. "The partnership with Advantage Credit automates the credit check, making the loan decision process more streamlined and offering more security to dealers and lenders."

About Advantage Credit International

Advantage Credit International (Pensacola, Fla.) is the fifth largest credit-reporting agency in the industry and is at the forefront of the fight against mortgage fraud. The company provides the easiest-to-read credit reports in the industry and offers products and resources that save time, lower costs, close more loans and prevent fraud. Advantage Credit serves more than 20,000 mortgage professionals nationwide through its customer-centric order and delivery site, Advantage Online, and is a five-time Inc. 500 "Hall of Fame" winner. The company, founded in 1991, is a wholly owned subsidiary of The Adaugeo Group. For more information on Advantage Credit International, call 800.600.2510 or visit www.AdvantageCredit.com.

About Solex

Solex (Idaho Falls, Idaho) is an online lending solution that was designed for dealers and provides Finance and Insurance (F&I) managers with instant loan approvals and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options within seconds. All loan documents are guaranteed to be in compliance with lender and state guidelines and are compatible with all laser printers. Additional information about Solex is available online at www.solex.com.