eDirector provides a web-based loan management platform for auto, RV, marine, and Powersports dealerships. The platform streamlines the financing process, helping dealers secure loans for their customers more efficiently. This allows dealerships to improve customer experience and increase sales.
Funding
Funding not disclosed
Founders
Product
Problem
Automobile, RV, marine, and powersports dealerships face challenges in efficiently securing optimal loan terms for their customers due to the varying criteria and credit score evaluations used by different lenders. This complexity makes it difficult to identify the most advantageous lender for each specific deal, potentially impacting profitability and customer satisfaction.
Solution
eDirector is a lender management platform designed to streamline the financing process for dealerships. The platform aggregates and sorts lender rate sheet data, enabling dealerships to quickly compare rates, terms, and advances from various lenders. By inputting customer and deal information, dealerships can instantly generate reports that identify the lender offering the best terms, maximizing finance deal profitability. eDirector also facilitates increased sales of backend products and improves customer satisfaction by accelerating the closing process and reducing chargebacks.
Target Audience
The primary target audience includes finance managers, desk managers, and dealership managers in the automobile, RV, marine, and powersports industries.
Features
- Comparison of captive rates and residuals to other banks for leasing options
- Subprime tool to identify lenders for bad credit deals, including an income calculator and PTI/DTI calculation
- Inventory search to match customers with the most profitable vehicles based on their credit profiles
- Lender performance reports to compare lender performance based on actual dealership deals
- Identification of maximum allowable backend products for increased sales
- Rate sheet management providing access to accurate and up-to-date interest rates