First American CREDCO's Information Solutions Now Available on DealerTrack(TM)
- Instant Access to Credit Reports, Risk Scores and Fraud Alerts Enables Car Dealers to Close Deals Faster -
POWAY, Calif., Aug. 27 -- First American CREDCO, the leading provider of specialty credit reports to the automotive industry, today announced the integration of its credit reporting and consumer information services with the DealerTrack(TM) auto finance platform.
DealerTrack customers can now order credit reports, FICO(R) scores, OFAC screening and fraud alerts from any of the three national credit bureaus (Equifax(R), Experian(R) and TransUnion) using First American CREDCO.
First American CREDCO's existing relationship with The Reynolds and Reynolds Company also provides dealerships on the Reynolds ERA(R) system access to CreditMaster(R) services through the DealerTrack platform. First American CREDCO is the backend credit information provider for Reynolds and Reynolds' CreditMaster, the credit-reporting tool within the ERA system.
The integration further enhances DealerTrack's end-to-end financing solution, which allows dealers to retrieve consumer credit information, electronically complete and submit credit applications, and receive instant credit decisions from the broad range of financing sources participating on the platform. The integration also eliminates the need to rekey customer data on multiple systems, thereby reducing data entry errors.
"We are pleased to offer our customers the added convenience of accessing our consumer information products on DealerTrack," said Eric J. Rumsey, president of First American CREDCO's Automotive Division. "DealerTrack's innovative system, combined with First American CREDCO's leading menu of information services, connects the dealership with the resources needed to close sales successfully, while boosting profitability by reducing the time spent on each sale."
The integration of First American CREDCO's services with DealerTrack's platform is the result of the March 2003 merger between DealerTrack and Credit Online, Inc., a subsidiary of First American Credit Management Solutions, Inc.
About DealerTrack
With more than 20,000 dealers and 40 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting and lease comparisons -- all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit report access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.
About First American CREDCO
First American CREDCO, a member of The First American Family of Companies, processes millions of credit transactions annually and is the industry's technology and service leader. The company is the leading provider of specialty credit reports to the mortgage, consumer finance and automotive industries. First American CREDCO proudly serves a broad range of lending and retail markets with a variety of business information products and services. About The First American Corporation
The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation's leading diversified provider of business information, the company supplies businesses and consumers with the information resources in connection with the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within seven primary business segments including: Title Insurance and Services, Specialty Insurance, Trust and Other Services, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $4.70 billion in 2002, First American has nearly 25,000 employees in approximately 1,400 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.
For further information please contact: Kimberly Price, Senior Marketing & Public Relations Specialist of First American CREDCO, +1-619-938-6809.