LAS VEGAS – Bank of America will be the launch lender to introduce the Curomax Internet loan origination platform to marine dealer clients, Curomax Ltd., a Canadian e-commerce solution provider, said in a release today.
When the service becomes available to Bank of America clients later this year, it will automate the process of financing a marine product, enabling dealers to submit consumer loan applications electronically and improve their ability to track the status of individual deals, Curomax said.
"It's important to us to give dealers the products and services that help them do business," said Eric Telljohann, president of Bank of America Specialty Group. "This platform is a promising new avenue to enhance the loan origination process."
Curomax facilitates on-line, real-time interaction between dealers and lenders. Dealers will be able to submit transactions to the lender of their choice and obtain deal status in real-time, the company said.
"We worked with Bank of America Specialty Group to provide their dealers a sophisticated e-commerce solution," said Alan Bird, president and CEO of Curomax Corp. "Electronically linking dealers with lenders, such as Bank of America, will quicken the delivery of data and help dealers manage their businesses more efficiently. We are currently in discussions with a number of lending institutions and anticipate additional announcements in the near future."
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