July 21, 2024
News

Car dealers give top priority to lenders who invest in advanced underwriting technology.

SAN DIEGO — Dealers are streamlining the number of lenders they partner with and focusing on lenders who prioritize efficient underwriting and lending processes. Ken Garff Automotive Group now collaborates with approximately 200 lenders, a significant decrease from over 800 lenders they worked with five to six years ago, according to Cody Done, the dealership’s director of retail lending.

### FAQ

1. How many lenders does Ken Garff Automotive Group currently work with?
– Ken Garff Automotive Group now collaborates with approximately 200 lenders.

2. What is the focus of dealers when selecting lenders to work with?
– Dealers are prioritizing lenders who invest in underwriting and lending efficiency.

### Conclusion

Dealers in the automotive industry are recognizing the benefits of consolidating the number of lenders they partner with and choosing to work with lenders who prioritize efficiency in their lending processes. This shift allows dealers to streamline their operations and enhance overall productivity.

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