CreditMiner announced that it has acquired full global reseller status with all three major credit bureaus, allowing for what the service provider called a “seamless” transition from a soft bureau transaction to a full application within its software platform.

Ahead of CreditMiner’s full launch of the BASIS₂ platform, officials highlighted that this development means that dealers now have a single credit software solution to execute all of their credit based inquiries. The company insisted dealers can avoid the need for additional logins, or having to deal with multiple billing and other sources to obtain the data they need to complete a vehicle transaction.

“The acquisition of this status for CreditMiner truly solidifies our commitment to both the automotive dealers and the retail space we operate in,” CreditMiner general manager Don O’Neill said. “In many situations, the bureau’s released a multi-year freeze for the addition of new re-sellers, which I feel speaks volume to our organization, as well as our commitment to compliance and technology.”

As a re-seller for all three major bureaus, CreditMiner can now offer the full suite of available Fair Credit Reporting Act regulated and Non-FCRA regulated data from the bureaus. The company pointed out this component means a dealer can now have one relationship for all bureau products, rather than the current model of introducing yet another vendor/service provider into the relationship.

“I speak to dealers every day, more often than not, they can’t tell what they are being charged for credit and compliance data, yet alone who is providing it,” O’Neill said. “With this addition to our solution, we now allow the dealer to have full access to the credit and compliance data they need, without having to utilize multiple logins and multiple billing.

“CreditMiner provides dealers with the opportunity to hold a single vendor accountable for service and pricing, as well as the ability to elevate their product and service offering,” he added.

CreditMiner has timed this release to support the full launch of its patent pending BASIS₂ platform. This solution can allow dealers to take a customer from online or in showroom pre-screen, all the way to deal funding, without collecting a social security number or DOB.

The company stressed its F&I and sales solution can provide a completely transparent finance transaction. It can allow consumers to immediately see which banks in the dealers’ indirect lending portfolio desire to provide finance options to the consumer.

With real-time finance company pre-qualification decisioning, BASIS₂ can enable dealers to add applicable mark-ups, while still removing the finance guesswork for consumers.

“Our goal has always been to enable dealers to complete a vehicle transaction online. We are confident that this tool brings dealers to the point of consummation,” O’Neill said.

“With the addition of full spectrum offering as a reseller, we now allow the dealer to do it efficiently, cost effectively, and with cutting-edge technology that cannot be duplicated,” he went on to say.

CreditMiner will be demonstrating its full suite of products and services at the upcoming Digital Dealer 19 Conference and Exposition on Oct. 5-7 in Las Vegas.

For more information, visit booth No. 523 at Digital Dealer 19, call (817) 213-7042 or visit www.ecreditminer.com.