CreditMiner, a solution provider that supplies the technology and ability to pre-qualify and pre-screen automotive consumers on Experian, TransUnion and Equifax credit bureau platforms, created a new partnership this week with Credit Bureau Connection.

Officials highlighted the integration within the BASIS₂ and CreditMiner platforms stemming from the partnership created a full credit report and compliance suite for all of CreditMiner's dealer partners.

CreditMiner explained the BASIS₂ platform is designed to be a fully transparent, agnostic F&I tool that can bring finance to the front of the vehicle transaction. The tool is also geared to allow the dealer, consumer and finance company to have a fully transparent, consultative vehicle installment contract process, ensuring the dealer is able to land the consumer in a finance package that best suits the buyer’s needs.

More importantly, the company added the BASIS₂ platform can allow for the entire finance transaction to occur without the need for the consumer’s Social Security number or date of birth. 

CreditMiner vice president of sales and marketing Don O’Neill contends this proprietary patent pending software and process is set to “revolutionize” the way vehicle transactions are executed.

"This partnership has cemented our commitment to providing a fully compliant, forward-moving sales and F&I platform to dealers across the country. We feel confident that the BASIS₂ platform is not just a market disruptor, but will in fact change the way vehicles are sold and financed,” O’Neill said.

“One of the main benefits for the dealer in the BASIS₂ platform offering is the extraction of risk in housing key identifiers on its servers and workstations,” O’Neill continued. “Now, we are able to provide the dealer with a full credit and compliance suite from the leader in credit report and compliance solutions in the retail automotive vertical.  To say we are excited about this partnership, is an understatement.”

Credit Bureau Connection president and chief executive officer Mike Green described what the partnership means to his company.

“We are extremely excited and proud to be a part of CreditMiner's revolutionary platform,” Green said. “The synergy and forward thinking mentality of our two companies will combine this innovative sales process with the most advanced credit report and compliance suite available to dealers.”

CreditMiner’s newly appointed vice president of corporate affairs Ken Luna commented about the development, too, adding, “The power of CreditMiner and BASIS₂ is that we give the dealer back the power of the negotiation, by removing the guesswork of what the prospect can actually purchase. Now, we can add a full back-end finance solution to their pedigrees.”