Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, announced the integration of its vehicle valuation data with GOLDpoint Systems, a leading loan origination system utilized by auto lenders across the United States.
GOLDpoint’s suite of loan management software includes loan origination, loan servicing, accounting, imaging, custom reporting, and internet portals for dealers and customers. This comprehensive suite will now include accurate vehicle valuation data from Black Book.
The expansion of Black Book valuation data throughout loan origination systems such as GOLDpoint’s allows lending decisions to be made in less time and with lower costs, thus accelerating the approval process. These operational efficiencies, combined with the risk management benefits offered by Black Book insight, helps auto lenders remain ultra competitive and focused on profitable growth opportunities.
The combination of Black Book data and GOLDpoint Systems will particularly benefit members of the American Financial Services Association. The integrated interface will provide access to not only used car/light truck vehicle values dating back to 1981 models, but also the specialty markets as well, including motorcycle/powersports, RV/camper, and medium- and heavy-duty trucks.
Link: Black Book