RouteOne And SourceHOV Announce Strategic Alliance

Imaging technology creates paperless loan process

FARMINGTON HILLS, MI--Feb. 4, 2013: RouteOne LLC announced today a strategic alliance with SourceHOV LLC that will create a new paperless document imaging process for RouteOne's finance source customers.  RouteOne's imaging solution combines industry-leading technology with electronic document management to facilitate a paperless process for dealers and finance sources through the conversion of paper documents into electronic images.

"The RouteOne imaging solution is an ideal first step for dealers and finance companies that have not yet implemented full eContracting, but want to leverage paperless processing," said Mike Jurecki, RouteOne CEO. "This paperless procedure can be quickly deployed, expediting the contract funding process as a whole. We view this as a logical step in the progression toward a comprehensive industry-wide eContracting solution. We are proud to work with SourceHOV on such an innovative and much-needed solution in the industry," Jurecki said.

"We are excited to be working with RouteOne to help dealers and finance companies work with the paper that is prevalent today, while providing a roadmap to a paperless future," said Steve Grieco, SourceHOV CEO. "Our hybrid solution securely digitizes physical documents, adds and validates key data, and integrates the electronic output directly into lending systems, typically before the start of business -- saving potentially days in processing loans."

Dealers interested in learning more about RouteOne's imaging solution or any other RouteOne product may visit the RouteOne Booth (#1629) at NADA 2013 in Orlando Feb. 9 - 11.