Curomax signs agreement with Key Recreation Lending

LAS VEGAS – Curomax Limited, a provider of dealer finance e-commerce solutions, has reached an agreement with Key Recreation Lending to originate recreational vehicle (RV) and marine loan transactions from dealers across the United States, the company reported in a statement today.

The announcement was made today at the 2005 Recreational Vehicle Dealers International Convention/Expo (RVDA).

The companies expect that Key Recreation Lending and its full slate of financial products and services, including contract generation, will be available to dealers before the end of the calendar year.

“Key Recreation Lending is pleased to offer this Internet-based option as another delivery channel for dealers,” said Grant Skeens, president and CEO of Key Recreation Lending. “It was clear that the Curomax loan origination solution was the ideal solution for Key. Their ability to customize the application to suit our requirements allows us to deliver our strategic value, enhance customer service and differentiate ourselves from competitors.”

Dealers use Curomax to submit transactions to the lender of their choice, obtain on-line, real-time credit decisioning, update deal status and produce all necessary lender contract documentation. Additionally, through the use of its communication platform, Curomax efficiently facilitates deals with dealers and credit officers that require further information to be completed successfully.

“Our strategy of establishing the leading North American platform based on a dealer centric, lender sensitive model continues to gain momentum for Curomax,” said Alan H. Bird, president and CEO of Curomax. “Consistent with that strategy and commitment is a requirement to ensure that lenders in the US RV and marine markets see value in our services. In this way, we move closer to ensuring that all of our dealer customers can originate all of their financing requirements via a single application. We are focused on being that solution and believe that our new relationship with Key Recreation Lending is proof of our progress in this regard.”

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