What Lending Lane Does for you
Provides one unified lending experience with quick access to Loan Details.
Have more control over credit pulls. Automatically pull credit with every submission, or manually pull credit, you decide.
View and manage loan details without needing a direct credit provider integration (700 Credit, NCC, CBC).
Expands Lender Connectivity. Submit deals through multiple lending platforms at the same time, including Route One, DealerTrack and CUDL. (CUDL will soon be supported through the Lending Platform).
Explore the new Lending Lane workflow!
Print Credit App
From the Deals page, click the Forms dropdown and select Print Credit App. Choose to print With or Without Signatures.
The Credit Application will be formatted as seen below. The full credit application can be found within the Customer Loan Details.
The Credit Application button converts to Customer Loan Details once a credit application is submitted and the Customer Loan Details page becomes available. The button is accessible on the Deals list Actions menu on Deals page, Manager Dashboard page - Deals tab, and the Menu Setup page.
Customer Loan Details
Click the Actions dropdown and select Customer Loan Details.
Customer Loan Details page breakdown.
Customer / Co-Buyer: Purchaser information
Dealer: Dealer information
Edit Credit Application: Users with proper permissions may edit the credit application.
Vehicle Information: Detailed view of the vehicle being purchased. Note: Certified Pre-Owned and Used vehicles will have the MSRP/Retail Value, Book Name, and Wholesale Value. This must be filled out prior to submission to a lender.
Trade Vehicle: Trade Allowance, Payoff and Equity/Negative Equity amount. Trade Vehicle can be edited from this screen for submission to lender. This will not change the structure in the base payment or menu.
Loan Submissions & Decisions
Customer Loan Details page breakdown continued.
Loan Submissions & Decisions: View status and deal structure details from the lender. Selecting a lender from this list will allow you to view the details in the section below.
Selected Lender Details: View deal structure, Stipulations, Comments and History.
Click Submit to Lenders. Recent submissions will be listed below and can be viewed independently.
Review deal structure. Choose up to 3 lenders at a time.
Click Submit. Loan submissions and decisions will be listed and able to view individually.
Credit & Compliance
Customer Loan Details page breakdown continued.
View Credit Score for each applicant and bureau. Click on Credit Score to view entire credit report (permission based).
DTI% based on credit bureau information.
Red Flags are view only and can not be cleared in A2Z.
OFAC are view only.
Risk Based Pricing can be opened and viewed.
Deal Details
Deal Details page is dynamic and will update when the structure is updated in Menu Setup. Confirm all information is accurate. You can view, print and download the Customer Acknowledgement of Basic Terms of Agreement.
Loan Details is also located in the Menu Setup page. Update Payment Terms here, then visit Loan Details to submit updates to Lenders when necessary.
Lending Lane Supports the following deal types:
Finance
Lease
$0 Due at Signing Lease
Lending Lane Does Not Support the following:
Cash, One Pay, or Balloon deal types
Business or company loans