Click the arrows to see Solex's key features
Auto Approval Engine
Solex maintains your lenders' auto approval rates and guidelines. Our robust approval engine compares applicant information against the lenders published guidelines and displays qualified approvals within seconds. No more fumbling though half a dozen rate sheets to find the best deal for the customer and dealership.
Live Underwriting
For those loans that require manual underwriting, Solex offers an efficient alternative to the traditional fax machine. Dealers submit applications to their lenders with the click of a button. The lender is immediately notified of the new application and decisions the loan within Solex. This process eliminates the need for faxes and dramatically decreases turn-around time.
Side-by-Side Comparison
Solex makes it easy to find the best deal for the customer and the dealership. Lender approvals are displayed in a side-by-side comparison allowing the dealer to sort by the following criteria: max advance, monthly payment, term, or down payment. F&I managers can quickly find the right loan program for any given situation.
Document Print Engine
Instead of maintaining a wall of forms to cover every type of loan scenario, let Solex determine what documents should be printed and signed. Solex will compile a complete document set based upon the state, lender, dealer, and ancillary products that are sold allowing you to rest assured that the loan will be funded. Since all documents are maintained within Solex, you'll never have to look at another form again.
Automatic Document Updates
State and Lender documents are updated automatically, free of charge. With Solex there is no question if you have the most up-to-date documents required by lender, federal and state agencies. All lender contracts and support documents are monitored by our in-house compliance team and are automatically updated whenever a change is made, ensuring you’re always compliant.
Aftermarket Sales Tool
Solex offers a customer friendly menu selling tool to help dealers sell more aftermarket products. The menu may be printed and given to the customer to sign. F&I Managers are notified if the products sold conflict with the loan approval (ie exceeds maximum advance guidelines, not allowed by the lender, etc.)
Aftermarket Sales Tool
Solex offers a customer friendly menu selling tool to help dealers sell more aftermarket products. The menu may be printed and given to the customer to sign. F&I Managers are notified if the products sold conflict with the loan approval (ie exceeds maximum advance guidelines, not allowed by the lender, etc.)
Credit Reports
Credit Reports may be ordered directly out of Solex. With Solex’s direct interface with Equifax, TransUnion, and Experian, credit reports can be pulled with the click of a button. The credit information required on the application is transferred automatically, eliminating the need to re-key the information.
Dealer to Lender Messaging
Dealers and Lenders can communicate instantly through Solex. The Solex messaging tool allows the lender to quickly respond to the dealer with additional requirements or a counter offer. The messaging between the dealer and lender is logged and saved with the electronic loan file, for your records.
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This really simplifies your process
Solex offers unique benefits to lenders and dealers. Each feature was designed with the dealer in mind, to help streamline the F&I process and increase profitability.
“I've been very pleased with the new Solex online finance program that has allowed me to submit applications online and most importantly to print documents. This option has been a vital time saving element and the reason I elected to sign up with Solex. Steve and Stephanie as well as Derek have been absolutely wonderful in addressing questions, issues, or missing items I've come across while learning and using the program. When I have specific needs they have taken the time to amend the program to meet these needs to my satisfaction. I highly recommend their services.”
