Sebrite Corporation Chooses Solex’s “Complete Package” Solution

IDAHO FALLS, Idaho--(BUSINESS WIRE)--Though the economy is showing some signs of recovery, the RV and Marine industry must still keep operations lean and mean to maintain profitability. Sebrite Corp., offering consumer-lending services in 48 states for RV and Marine financing, recently partnered with Solex, a web-based lending solution, to increase efficiency and reduce costs.

“We can go from the front end credit investigation, submit to lenders, and do all the back-end functions once the loans are approved—the document prep, contracts, and such—all in the same system.”

“Solex is basically able to provide us with a total package for financing recreational vehicles,” said Sebrite vice president John Hamm. “We can go from the front end credit investigation, submit to lenders, and do all the back-end functions once the loans are approved—the document prep, contracts, and such—all in the same system.”

Sebrite, who markets RV and marine craft programs on behalf of banks, enjoys the simplicity and efficiency of being able to communicate with lenders and dealerships through Solex, where the data is always immediately available over the Internet.

“Solex allows us to provide dealerships with the items they need electronically,” says Hamm. “In the past, we had to prepare them here and then manually send them to the dealership via regular mail or overnight shipping. I don’t know if you’ve priced out an overnight with UPS lately, but it’s not what it used to be!”

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.

“It’s so incredibly efficient,” says Hamm. “We would have to do things two or three times in the past to accomplish certain tasks. Now, once all the data is entered, with the click of a mouse, we can navigate around and do what we need to do. This is absolutely necessary in today’s world.”

With sales finally on the upswing, Solex provides a way for corporations to manage with smaller, leaner workforces and still stay on top of an increase in workload. “It’s good news for everyone that the economy is showing some signs of a turnaround,” said Steve Butler, president and CEO of Solex. “However, that can create some problems if you’ve really cut down to make it through the recession. Our system was created to not only make the loan process more cost effective, but more efficient.”

For Sebrite, working with Solex has created a welcome simplicity to the process. “Everyone is running lean and mean with the economy,” Hamm said. “If you have a tool that allows you to do things with fewer steps and fewer transactions, it’s definitely a bonus.”

About Sebrite Corp.

Sebrite Corp., a wholly owned subsidiary of Sebrite Financial Corp., has offered financial services for over 40 years. Originally an entity of Foremost Insurance Corporation, the company branched out in 1971 and became known as the lending and insurance authority in the manufactured housing industry. Over the past twenty-five years, it expanded its lending capacity to include Recreational Lending and Marine, and now offers consumer lending services in forty-eight states through regionally located service centers. Additional information is available from Sebrite at 800-767-8881 or www.sebritecorporation.com.

About Solex

Solex (Idaho Falls, Idaho) is an online lending solution designed for dealers that provides Finance and Insurance (F&I) managers with fast loan approvals and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options. 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.