About two months after forming a relationship involving data storage, 700Credit on Tuesday announced an integration with SelectFI Lender Selector, a predictive financing platform.

The companies said their alignment can allow dealerships to instantly generate multiple financing estimates for each of the dealer’s finance providers through the integration of the 700Credit soft pull platform.

Lender Selector is a patent-pending platform that uses predictive lending to quickly match customers with accurate financing options across each of the dealership’s captive, national and local finance providers.

The result can provide dealership sales and finance teams with more options to finance customers and improve close rates.

The platform also can speed up the financing process and help dealerships and finance companies meet increasingly stringent regulations for fair lending.

“We are very excited about our new integration with SelectFI Lender Selector. Prequalification data provided by the 700Credit soft pull solution makes it easy to match consumers with the right lender and the right deal, reducing the time it takes to fund a deal,” 700Credit managing director Ken Hill said.

“F&I managers can focus on closing the deal, maximizing profit and providing a better customer experience,” Hill continued.

SelectFI CEO Tom Vullo added, “700Credit has been a key partner through the development of our software, and their soft pull platform provides the credit and identity data we depend on to accurately model how lenders will finance each customer.

“The intent of our software is to improve the information that dealerships are working with for each customer and close more deals,” Vullo went on to say.