CarSmart.com Launches Auto Financing Resource Powered by LendingTree and CMSI; CarSmart Loan to Offer Consumers Fast, Direct Auto Financing.SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
CarSmart.com today announced an agreement with LendingTree, the online loan marketplace, to provide the exclusive auto financing service for consumers on CarSmart.com. The strategic partnership will provide CarSmart.com's customer base with immediate access to a network of lenders who compete for their business. The service will be branded as the CarSmart.com Loan Center at www.carsmart.com, and will be available starting August 1, 1999. The new auto financing service will allow CarSmart.com customers to request auto financing without having to leave the CarSmart.com site. Consumers will go to the CarSmart.com Loan Center, fill out one simple qualification form and then receive up to four offers in a matter of hours. Consumers then have the opportunity to compare the offers and choose the best one for them. "The entire car purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements for CarSmart.com customers will now be easier and faster with the addition of the CarSmart.com Loan Center. The transactional impact of this alliance is that CarSmart.com auto buyers can be at the dealership with a check in-hand," said Jim Dittemore, CarSmart.com's Director of Strategic Business Development. "LendingTree's relationship with CarSmart.com further enhances our strong presence in the online auto lending space," said Doug Lebda Doug Lebda is the founder of Charlotte-based LendingTree.com. In December of 2005 he became president of IAC Interactive, the parent company of LendingTree.com [1]. , founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LendingTree. "Through the CarSmart.com Loan Center, LendingTree increases its exposure to the growing number of consumers buying cars online." LendingTree, through a relationship with Credit Management Solutions Inc. (CMSI CMSI Citicorp Mortgage Services, Inc. CMSI Checkout/Control and Monitor Subsystem Interface (NASA) ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMSS CMSS Creative Multi-Speaker Surround CMSS Council of Medical Specialty Societies CMSS Call Management Server Signaling CMSS Capital Markets Surveillance Services (Sydney, Australia) CMSS Configuration Management Support System ), provides the only end-to-end auto financing on the Web. The alliance interfaces LendingTree's online loan center and proprietary filtering technology with CMSI's CreditConnection(R) through CMSI's CreditOnline(R) Internet gateway (1) See cable/DSL gateway. (2) A router or server that converts IP packets to IPX, AppleTalk or some other non-IP format and vice versa. It is used to connect non-IP networks to the Internet. . LendingTree's filtering technology matches a car buyer's credit request with appropriate lenders and allows these lenders to compete for a consumer's business. The CreditConnection network, which electronically transmits credit applications directly into a lender's loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system, and allow lenders to return decisions to the consumer in a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
"CarSmart's growing customer base represents incremental prequalified business for lenders on the CreditConnection network," said Peter M. Leger, president and CEO of CMSI. "This relationship is another step in our mission to provide lenders with best-of-breed electronic commerce services that help them meet their strategic goals." About CMSI Since it was founded in 1987, CMSI's credit automation and loan marketing technology services and software have been the choice of the world's largest and most demanding lending institutions. Building on its leadership the company is rapidly becoming a premier provider of Internet-based online lending and leasing technology. CMSI licenses credit decisioning and other automation systems and services for consumer and business credit. CMSI also offers a portfolio of products through service bureau alliances that are provided by its alliance partners on a per-transaction fee basis. The Company's e-commerce products and services are built around its CreditOnline(R) Internet gateway and its patented CreditConnection(R) technology (www.creditconnection.com), which links credit originators such as automobile dealers and borrowers with an extensive network of leading prime and non-prime lenders. About LendingTree LendingTree, Inc., is the online loan market place that connects consumers with a network of lenders who compete for their business. Loan types include mortgage, home equity, personal, auto, and credit cards. Founded by Doug Lebda in 1996 and based in Charlotte, N.C., LendingTree is led by veterans in the banking, financial services, and information technology industries. LendingTree has formed strategic partnerships with priceline.com and Bloomberg.com and currently has more than 7,000 affiliate Web sites. LendingTree is an equal opportunity provider. Go to www.lendingtree.com or call 704-541-5351 for more information. About CarSmart CarSmart.com (http://www.carsmart.com) is an established, top-rated facilitator of automotive sales through the Internet. CarSmart.com aggregates an extensive collection of rich automotive content to assist consumers in researching, buying, selling, leasing, financing, and insuring new and pre-owned vehicles. CarSmart.com offers the consumer an Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Dealer Network of over 1,000 nationwide. CarSmart.com can be accessed to (http://www.carsmart.com). CarSmart.com is headquartered in San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005. . |
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