Loanify, Inc. Information

Credit unions have long believed that Franchise dealerships flip their directly approved auto loans to capture added loan revenue from their inhouse lenders. While this may be true to a small degree, truth is that dealers need to work with a lender they know and understand in order to collect payment from auto sales transactions in a timely manor while receiving consistent funding for backend products dealership F&I staff sell. LOANIFY takes away franchise dealerships concerns by providing a standardized real time payment process which exceeds their inhouse lenders and all indirect platforms. Today, the traditional auto buying experience is evolving as digital retail models are being integrated into franchise automobile dealerships, addressing consumers demand for limited exposure to sales personnel and general convenience. This evolution lifts "directly approved" auto loan funding opportunities for credit unions and banks as digital retail allows for bypassing dealership indirect loan placement process.