MISSISSAUGA, Ontario – Utah-based Merrick Bank has entered into a letter of intent to become a lender inside the Curomax Ltd. Internet loan origination platform for recreational vehicle, marine and motorcycle dealer clients, Curomax said in a recent release.
Merrick Bank and Curomax anticipate that their new relationship will enable RV, marine, and motorcycle dealers nationwide to use the Curomax application to submit consumer loan applications electronically as well as complete the loan contract with Merrick Bank through Curomax’s Internet-based network.
Merrick Bank is a CardWorks company, national top-50 issuer of Visa credit cards and nationwide lender to the recreational vehicles, marine and motorcycle industries.
“Merrick Bank has established itself as a national leader in providing loans to customers with past credit problems,” said Scott Anderson, Merrick’s vice president of Recreational Lending. “Merrick Bank works closely with dealers so they do not lose that valuable customer or sale due to blemishes on the customer’s credit history that may preclude traditional financing. The relationship between Merrick Bank and Curomax will bring added value to all involved by streamlining the loan underwriting and contracting processes.”
Curomax Ltd. is a dealer finance e-commerce solutions provider.
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