Zoot announces automated negotiation systemMortgagePress.compoint-of-sale, acceptance rates, interest rates
Provides flexible and immediate offers to capture
business at point-of-sale
Zoot, a provider of advanced
instant credit decisioning and loan origination solutions,
announced the availability of its automated negotiation system, a
fully customizable solution for lenders that provides accurate and
timely loan information necessary to improve their business by
increasing acceptance rates.
Zoot developed a loan origination system that automatically
generates a comprehensive listing of financing offers. For example,
lenders in the auto space use automatic negotiation to help dealers
present an offer based on what is most important to the
customer—interest rates, loan length, trade-in value, payment
amount, etc.—without having to go back to the lender several
times. The ability to make immediate offers empowers dealers to
avoid walk-away points.
One strategic response that lenders will continue to undertake
is to strive for increased reliance on business process automation,
according to TowerGroup's
top business drivers for 2008. This approach will allow for lenders
to carry out their operational processes more quickly, at lower
cost, and with improved quality.
"With the decrease in auto sales forecasted for 2008, it is
imperative to capture leads by offering the most immediate and
timely information before the dealer chooses to seek a different
lender," said Chris Nelson, CEO of Zoot Enterprises. "Zoot is
committed to matching even the most challenging loan requests to
cater to each borrower's specific requirements, dramatically
accelerating the closing process."
Getting the product in the hands of consumers that exactly meets
each customer's needs and helping dealers provide the best
financing offers to their customers is key in any market, but even
more important today. Automating the lending process enhances the
overall customer experience because lenders can react quickly to
changes in the market. With this amount of flexibility and control
over their environments, lenders' systems never get in the way of
doing what works best for their customers.
For more information, visit www.zootweb.com