FARMINGTON HILLS, Mich. — RouteOne announced the addition of Integrated Lending Technologies (ILT) to its roster of econtracting certified loan origination systems (LOS). Finance sources utilizing either of ILT’s systems will now benefit from a streamlined econtracting implementation process, officials said.
Both DILLS, ILT’s legacy system, and its recently released Allegro Lending Suite are certified by RouteOne as loan origination systems that have fulfilled the requirements for the base eContracting functionality on the RouteOne system. Certification of an LOS helps ensure that the technical implementation for a firm’s finance source customers is a fast and easy process.
“We’re very pleased to be able to offer RouteOne’s eContracting service to the technical solutions available to our lender clients,” said Will McGregor, ILT’s president and CEO. “eContracting will enable our clients to take full advantage of our own digital documentation system, DigiDocs™, and to focus on their own processes while allowing Routeone to manage the dealer’s side of electronic documentation.”
RouteOne’s certification allows ILT to easily begin enabling econtracting functionality with RouteOne for its rapidly growing finance source base. Safe 1 Credit Union is one of the most recent finance sources to benefit from ILT’s certification.
RouteOne has booked more than 7.5 million electronic contracts to date, and has more than 6,200 active econtracting dealers and 35-plus finance sources in its growing econtracting customer base.
“We’ve recently seen significant growth in econtracting utilization on a year-over-year basis,” said RouteOne CEO Justin Oesterle. “By ILT completing this certification, they are enabling their entire customer base to easily implement and benefit from econtracting. This rapidly growing econracting solution is on its way to becoming the business standard for auto finance. ”