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First Advantage Credco Teams with Finance Express

April 27, 2009

 

FIRST ADVANTAGE CREDCO TEAMS WITH FINANCE EXPRESS

TO DELIVER CREDIT & COMPLIANCE SOLUTIONS TO AUTO DEALERS

 

First Advantage CREDCO, LLC, the leading provider of specialty credit reports to the automotive industry, today announced the integration of its credit-based information solutions with Finance Express, the leading provider of Web-based financial services and technology for independent auto dealerships. Under the new agreement, First Advantage CREDCO will deliver credit reports, identity verification tools and compliance solutions conveniently through the Finance Express platform.

 

The partnership, effective Feb. 1 of this year, means that participating automotive dealers can now quickly and conveniently access consumer credit reports, as well as compliance tools to help them comply with regulations for OFAC screening and the new Red Flags Rule.

 

“As a new dealer who recently signed up with Finance Express, we are truly enjoying the ease of the integrated program between Finance Express and First Advantage CREDCO,” said Tom Walsh, manager of A & A Auto Sales in South Point, Ohio. “The system keeps all of our information right where we need it, when we need it.”

 

“Our integration with First Advantage CREDCO further expands the features and functionality of the Finance Express platform, enabling auto dealers to make sound credit decisions, fast,” said Dave Huber, president of Finance Express. “We are happy to be partnered with a best-of-class credit information solutions provider. This important relationship enables our mutual customers to focus on their core business.”

 

First Advantage CREDCO’s Red Flag Solution, a comprehensive offering of credit reporting services, identity verification, OFAC screening and reporting tools, is designed to help dealers comply with the new Red Flags Rule, which requires them to establish and maintain an identity theft prevention program by May 1 of this year.

 

“We’re excited to announce our partnership with Finance Express, which helps our mutual customers verify consumer identities automatically with every credit report,” said Eric Rumsey, president of First Advantage CREDCO. “Seamless integration provides fast, convenient access to important identity verification and compliance solutions – directly from their Finance Express platform.”

 

First Advantage CREDCO is integrated with more than 50 dealer sales and finance platforms for automotive, marine and RV dealerships throughout the U.S. Dealerships interested in signing up with First Advantage CREDCO can visit www.financeexpress.com or www.CREDCOservices.com/signup/FinanceExpress, or call 866.491.4261.

 

About Finance Express

Finance Express is the leading provider of online services and Web based technology for the independent dealer market, including a comprehensive dealer management system (DMS) with functions such as dealer inventory management, credit application processing, electronic contracting, links to lending sources, dealer management tools, loan servicing and accounting systems and licensed escrow services. The comprehensive program provides dealers online access to a single, seamless solution and ensures a safe and secure environment for participating lenders. More information about the company is available at www.financeexpress.com.

 

 

About First Advantage CREDCO

First Advantage CREDCO, a wholly-owned subsidiary of First Advantage Corporation and part of its Dealer Services segment, processes tens of millions of consumer transactions annually and is the leading provider of specialty credit reports and services to the automotive industry. Additionally, First Advantage CREDCO provides the automotive industry with comprehensive identity verification and consumer lead solutions. More information about the company is available at www.CREDCOservices.com.

 

First Advantage Corporation (NASDAQ: FADV) provides innovative products and services that mitigate risk by helping businesses, non-profit organizations and government agencies make more informed decisions. Headquartered in Poway, CA, the company has employees in 12 countries that support over 90,000 clients globally. More information about First Advantage is available at www.FADV.com.

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