This week, Westlake Financial Services highlighted that it has launched its electronic contracting automotive loan origination solution in 17 U.S. states through DealerCenter. Westlake insisted the move enhanced the finance company’s customer service to both its borrowers and dealer-partners, while continuing to improve the its loan acquisitions processes.

Westlake indicated the solution will be available nationwide by the end of 2017.

“Our two most important customer groups are dealerships and car-buyers, and with electronic contracting we can serve them both better,” said Casey Harmon, Westlake’s senior vice president of corporate development. “The DealerCenter eContracting solution is a more efficient, accurate process for our dealer network, and we think customers will enjoy the simplicity.”

Westlake partnered with eOriginal, pairing that company’s eAsset Management technology with DealerCenter, a leading dealership management system and financing submission platform for independent dealers in the United States.

The solution can allow both independent and franchised dealers to sign contracts electronically, upload supporting documentations, and instantaneously push all information to Westlake as soon as the financing package is complete.

“It lets our dealers connect through DealerCenter to our underwriting systems,” Harmon said in a news release. “This seamless transfer of contract data drastically reduces the time it takes to receive a complete funding package, and allows our acquisitions team to start working deals faster. Several dealers have experienced same-day funding through Westlake’s eContracting solution.”

To date, Westlake noted that it has funded almost 6,000 electronic contracts using the solution. On average, these eContracts have funded a half-day faster than traditional deals.

“Our e-contract solution supplies fast and easy funding to our dealer partners,“ said Mark Vazquez, Westlake’s senior vice president of sales and marketing. “Plus it condenses the time a borrower spends in the dealership signing the documentation. It’s a win all around.”

Dealers can learn more about Westlake Financial Services financial products by visiting www.WestlakeFinancial.com or calling (888) 893-7937.