Auto Credit Acceptance, Ltd. Announces Successful Integration Test
13 October 2000
Auto Credit Acceptance, Ltd. Announces Successful Integration Test
SILVERDALE, Wash.--Oct. 12, 2000--Auto Credit Acceptance, Ltd. (ACA) today announced the successful demonstration and integration test of their new "Multi-Lender Evaluation and Auto Loan System" (MLS).The Integration Test included ACA and their development partners, Affinity Technology Group (AFFI) and GOTech, Inc. The test exercised key components of the system including dealer interface, application submittal, internet web portal operation, simultaneous multi-lender decisioning, lender selection, loan decision, and loan approval return to dealer. The system required no human intervention beyond application input at the dealer's input screen and returned the decision in less than 2 minutes.
Autocreditaccept.com (ACA) President and CEO, William V. Fowler, said, "We are extremely happy with the results of this system test. The speed and accuracy of the decisioning validates our choice of business partners and brings us one step closer to changing the way consumer financing between dealers and lenders is conducted."
Affinity's President and CEO, Joe Boyle, stated, "We continue to be very excited about being an integral part of ACA's business model and are very pleased with the progress of our combined efforts as demonstrated by this event. It is especially significant to see how our core decisioning technology coupled with the Internet supports the simultaneous decisioning required by the multiple lender environment."
Affinity's technology enables financial institutions to link their branches, call centers, Internet customers, and indirect agents electronically to their credit departments, providing fully automated lending -- and, if necessary, connectivity to a loan officer -- through every channel. For financial institutions, Affinity's solutions expedite loan decisioning and processing and increase productivity and capacity of branch personnel, call center agents, loan officers, and indirect agents, while improving the overall customer experience. Affinity is located on the World Wide Web at www.affi.net.