Solex Offers Single-Source Solution
Finance-service provider Selarity streamlines overhead with Solex document

IDAHO FALLS, Idaho, March 2, 2010 – While the RV and marine market fights to survive the downturned economy, many in the industry are looking for new ways to reduce costs and still provide competitive services. Selarity, a finance-service provider for RV, boat and horse trailer dealers, found an efficient cost-cutter with Solex, a web-based lending solution, citing simplicity and cost effectiveness in sourcing documents.

“You pay only when you use it,” said Selarity president Jim Zender, “similar to the way we charge others for our services. By outsourcing document production we can focus our energies on closing deals, rather than monitoring ever-changing lender installment agreements.”

Selarity had been looking for a solution to document processing, and “using the Solex website for document production eliminates shipping delays, permitting immediate production even if there are last-minute adjustments in the loan structure,” said Zender. “Selarity has an aggressive flat fee that we charge for our services, so we’re always pleased to find a solution that meets the quality our dealers demand, maintains our commitment to speed and accuracy, and keeps our expenses in check.”

Solex, designed specifically for the consumer-lending marketplace, connects lenders and dealers through the web, providing F & I managers with the industry’s first fully featured online lending solution. An easy-to-use, web-based program, Solex walks users through the application process, allowing them to submit loans quickly, with an advanced document engine that creates compliant loan document packages easily printed from any standard printer. In addition to minimizing risk and streamlining processes, Solex guarantees accuracy, security and compliance.

“With Solex,” Zender said, “we know the documents will be completed accurately when we prepare for a loan closing. That’s important, as it eliminates the types of errors that could cause funding delays when the loan documents are submitted to the lender.”

At a time when financial-service companies are looking for ways to make the loan process more cost effective, Solex provides a smart alternative to in-house document departments. “We understand a lot of folks in this business are struggling,” said Steve Butler, President and CEO of Solex. “Our system was created to not only make the loan process simpler, but more cost effective. We provide all the documents, take care of the automatic updates, give you side-by-side comparisons, allow you to print from any standard laser printer, and guarantee the loan contracts are compliant. In essence, we’re your complete loan-processing department, available 24/7 on the Internet.”

For Selarity, working with Solex means they have one less thing to worry about. “It’s easy to use, with no maintenance headaches for us,” Zender said. “The documents are always accessible through the Internet, and this is a solution that works.”

About Selarity
Selarity offices are located in Springfield, Missouri. As a finance-service provider, the company helps secure retail consumer loans for RV, boat, and horse trailer dealers who outsource Finance and Insurance (F&I) functions. They conduct customer credit interviews and present loan terms and options by phone. When they match a customer with a loan, they prepare the documents the dealer needs to submit the deal for funding. The company prides itself on its fast response time and the relationship it’s established with many national and regional lenders. They claim that for the past six years their flat fee has remained the same no matter what the loan amounts are. They point out that their fee is designed to cover their efforts and that to them, small loans are just as tough to put together as the big ones. They believe the flat fee offers a tremendous value to their dealers. Additional information is available from Selarity at (417) 863-8460 or www.selarity.net.

About Solex
Solex (Idaho Falls, Idaho) is an online lending solution designed for dealers that provides Finance and Insurance (F&I) managers with fast loan approvals and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options. All loan documents are guaranteed to be in compliance with lender and state guidelines and are compatible with all laser printers. Additional information about Solex is available online at www.solex.com.