AutoTrakk Launches Rapid Approval System.MONTOURSVILLE, Pa. -- AutoTrakk, a growing consumer finance company in the auto industry specializing in the sub-prime market, announced the launch of a new Rapid Approval System (RAS (1) See network access server. (2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server. ) designed to expedite the approval of consumer auto finance applications. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AutoTrakk president Robert Malcolm, the proprietary software system analyzes specific non-traditional data in addition to standard credit information and presents results almost instantaneously for review by a member of the AutoTrakk underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. team. While consumer credit scores are still a key ingredient in the equation, the AutoTrakk system also considers less obvious factors such as length of residency A duration of stay required by state and local laws that entitles a person to the legal protection and benefits provided by applicable statutes. States have required state residency for a variety of rights, including the right to vote, the right to run for public office, the in a community and the time an applicant has spent in a given profession. The AutoTrakk application actually provides the consumer with the opportunity to submit a narrative explaining his or her circumstances. "Our goal with this new system," explained Malcolm "is to reduce the time required to qualify and approve a customer for AutoTrakk financing. Our unique system has always enabled our dealers to obtain financing for customers when other dealers couldn't. Now we're making a concerted effort to approve that customer even faster than ever before. We've even introduced a 10-minute program for our larger volume dealers." Malcolm also emphasized that while the new system gathers and analyzes information quickly, the actual decision is always made by an experienced member of AutoTrakk's underwriting team, not by a computer system. The proprietary AutoTrakk system combines low weekly payments and an electronic payment reminder device. This unique combination makes payments easier for the customer and at the same time, minimizes the risk normally associated with extending credit to those with a less than ideal credit history. AutoTrakk financing is available only through authorized AutoTrakk dealerships. Founded in 2001, by successful auto dealer Blaise Alexander Blaise Alexander (March 26, 1976-October 4, 2001), was a stock car racer from Montoursville, Pennsylvania. He began racing at the age of 12 in go-karts, winning the coveted World Karting Association East Regional championship in 1992. , AutoTrakk now serves more than 200 auto dealerships in the Mid-Atlantic and Midwest. The AutoTrakk corporate offices and operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. are located in Montoursville, Pennsylvania Montoursville is a borough in Lycoming County, Pennsylvania, in the United States. As of the 2000 census, the borough population was 4,777. It is part of the Williamsport, Pennsylvania Metropolitan Statistical Area. . AutoTrakk can be found on the Internet at http://www.autotrakk.com. |
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