Monday, Sep. 17, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that the Automotive Dealership Institute will now include its Web-based credit application management system as part of the core curriculum for students enrolled in ADI's F&I Management Program.
RouteOne will be included as a permanent component of ADI's F&I Management Program, as well as the printed version of ADI's resource encyclopedia and the online program.
Officials said that students will learn about the myriad of services provided by RouteOne, including its single point of access to captive and non-captive finance sources, credit bureau access, free dealer and financial performance reports and integration with more than 35 service providers, including F&I menu sellers, CRM systems, dealer management systems, credit bureau providers and leads providers.
"More then 21,000 dealers are using RouteOne to send credit applications and receive decision information on a daily basis," Alan Algan, ADI's chief executive officer and executive director, pointed out.
"We want to be sure our students are well educated on the most up-to-date products, such as RouteOne products that will assist them with profitability and performance within their careers. We know that educating our students firsthand on RouteOne's core principals and benefits will give them the edge they need to succeed in the dealership world," he continued.
Meanwhile, Mike Jurecki, RouteOne's CEO, added, "ADI recognizes the benefits of early training and education, and we are proud that they are offering students the opportunity to learn about the benefits of RouteOne early in their automotive career or before ever setting foot in a dealership.
"The fact that ADI has included RouteOne as a permanent fixture within their F&I management course shows the school's commitment to providing their students information on the most critically important F&I tools available today," he noted.
The Arizona-based management institution specializes in educating the next generation of F&I managers and service advisors.
Wells Fargo Auto Finance Joins RouteOne
In other recent news, Wells Fargo Auto Finance announced it has joined RouteOne's platform.
Pennsylvania-based Wells Fargo Auto Finance, an operating unit of Wells Fargo & Co., offers a full spectrum of automobile finance and lease options.
The division services more than 1.8 million customers and nearly 21,000 automobile dealers, executives highlighted. Additionally, the lender employs more than 5,500 team members and 380 sales representatives. It has origination centers throughout the United States and Canada.
"Technology has changed almost every aspect of selling and financing automobiles," said Brad Noel, senior vice president and national sales manager of the U.S. and Canada for Wells Fargo Auto Finance.
"Our dealer customers expect a reliable, quick and seamless application and funding process," he continued. "Participating in RouteOne allows Wells Fargo to participate in a common platform used by automobile dealers seeking funding solutions for their credit application financing needs.
"By partnering with RouteOne, Wells Fargo Auto Finance continues to demonstrate that providing our dealer customers with the financing solutions they require and the servicing they expect are reasons Wells Fargo continues to be a leader in full spectrum lending," Noel went on to note.
Moreover, Jurecki, added, "RouteOne is pleased to welcome one of the nation's largest auto lenders to our network. Wells Fargo Auto Finance takes pride in being a full spectrum lender, and Route One is equally proud to offer to our dealers a wide range of value-add lenders."