AGORA recently landed another industry connection to help establish itself as a prominent platform for bulk portfolio transactions.
AGORA, a Texas-based provider of technology solutions for the financial services industry, announced a joint, newly launched integration functionality relationship with DealerCenter.
“Protecting our dealers from exposing loan data when they make their portfolios available for sale and giving dealers more liquidity is the mission of AGORA,” AGORA founder and chief executive Steve Burke said.
“DealerCenter is an exceptional dealer management system, and we are excited to have them as one of our key integration partners, who enable dealers to seamlessly and securely offer their loans for sale to our 60-plus banks, finance companies and credit unions — avoiding unsafe emails of data files,” Burke continued.
“The DealerCenter integration continues to expand AGORA’s ability to help sellers sell faster, sell more profitably and sell securely,” he went on to say.
DealerCenter is a web-based dealer management system (DMS) designed specifically for independent dealers. With direct integrations with other solutions, DealerCenter’s 11,500 dealer clients can receive all relevant services through a single platform.
Through the integration with AGORA, dealerships on DealerCenter can have their loan information concurrently available on AGORA, where they can securely select loan pools for bidding or financing from more than 60 finance companies that acquire loan pools or finance them on the AGORA platform.
The entire placement, bidding and acquisition of loan pools can be completed inside the AGORA platform, without exposing private customer data, transaction activity and collection notes to outside parties.
“DealerCenter is committed to providing strategic integrations that enable our dealer customers to converge their operation into a single platform. Partnering with AGORA aligns perfectly with our focus on adding value for our buy-here, pay-here dealers,” DealerCenter senior vice president of sales and marketing Jesse Martin said.