Launcher is looking to help not only well-established subprime auto finance companies, but also shops looking to get a toehold in the space while they stretch their limited resources.
The technology provider specializing in loan originations, recently announced the release of its new product offering, appTRAKER launchPAD, which is a loan origination system packaged with all of the essential features necessary to propel startups and small finance companies off the ground.
Launcher explained launchPAD was created for finance companies that are looking for a fully-functional loan origination system without the expensive price tag.
“We recognized that there isn’t a good product available for smaller institutions who want a feature-rich system,” Launcher president Nikh Nath said. “We have found that lenders, irrespective of their size, desire access to the same tools in order to succeed, compete and grow. We have developed a solution that is easily implemented, contains all of the necessary origination tools and provides a robust platform for their users.”
Nath went on to highlight launchPAD was designed to be an out-of-the-box solution with little to no additional configuration needed. This functionality is geared to provide finance companies with a quick turnkey implementation to get them originating loans within launchPAD in just a few days.
The company added finance companies will not miss out on functionality as launchPAD is bundled with the same suite of products as Launcher’s appTRAKER Loan Origination System. Finance companies will have access to Dealer Portal, a unique solution that can facilitate more efficient interaction between the finance company and its network of dealers.
Along with application submission and decision information, Dealer Portal can offer communication with live buyers and allow dealers to track the progress of verifications, stipulations, and funding distributions. Finance companies will also have use of appTRAKER DOCS for paperless Document Management and retention along with myDEALER.CARE, a Dealer Relationship Management system for organizing their dealer base.
“As lenders grow, they will be able to seamlessly grow into our fully customizable solutions without any loss of history or data,” Launcher said.
To learn more, go to www.launcher.solutions.