TALLAHASSEE, Fla., July 16,
2024 /PRNewswire/ -- F&I Sentinel, the
trusted risk-management solutions provider for finance and
insurance products (F&I) to the automotive finance industry,
today announced its partnership with defi SOLUTIONS,
the leading provider of originations, servicing, and
managed-servicing software and services. Together, F&I Sentinel
and defi SOLUTIONS will offer increased efficiency and
accuracy through automation, and improved F&I product
compliance for automotive finance lenders, automotive dealers,
and product companies.
Through a patchwork of state and federal regulations, auto
lenders are held accountable for non-compliance during any phase of
an F&I product's lifecycle. The ever-expanding array
of F&I products offered during the car-buying process,
from vehicle service contracts to GAP waivers to vehicle value
protection agreements, increases auto lenders' compliance risk
for aftermarket products financed through the auto loan.
Automation is critical to minimize human error and mitigate
compliance risks.
"Today's ever-changing regulatory landscape requires dynamic
compliance, more than just the typical standard controls and
processes, consultants, or technology automation," said F&I
Sentinel CEO Stephen McDaniel. "The
partnership with defi reinforces our commitment to the
industry to deliver proactive, tech-enabled managed compliance
solutions that bring transparency, efficiency, and clarity
throughout the entire F&I product lifecycle."
Under the partnership, defi XLOS and
defi ORIGINATIONS clients will be able to quickly tap
into F&I Sentinel's CITADEL® platform benefits,
including: access to its repository of more than 112,000 compliant
F&I products, ensuring only compliant products are funded; a
streamlined funding process for better dealer relations; the
incorporation of CITADEL data into the lender's contract acceptance
business rules for fewer funding errors; and access to the entire
F&I product form for every product funded in the deal
jacket.
We understand the challenges and complexities lenders face and
are committed to providing them the best solutions and services
that meet their needs and expectations," said Tom Allanson, CEO of defi
SOLUTIONS. "Through this partnership with F&I Sentinel, our
clients can reduce their compliance risks, costs, and burdens while
enhancing their overall performance, reputation, and customer
satisfaction through the technology and services we provide."
Founded in 2018, F&I Sentinel provides technology-enabled
risk management solutions for the full lifecycle of F&I
products in the automotive finance industry. More than 100 lenders,
including six of the top 10 auto lenders in the U.S., rely on
F&I Sentinel solutions to gain efficiencies and mitigate the
reputational, litigation, financial, and business risks inherent in
the origination, servicing, and cancellation of F&I
products.
To learn more about F&I Sentinel's CITADEL®
platform, click here.
About F&I Sentinel
F&I Sentinel is how auto-finance companies can finally stay
ahead of the ever-changing regulatory landscape and away from
litigation crosshairs. Our dynamic compliance approach uniquely
combines automation with human intelligence for unrivaled
experience, unmatched rigor, and unparalleled insights. Powered by
CITADEL®, the world's first comprehensive F&I
compliance management platform, our team helps you achieve
compliance throughout the full F&I product lifecycle, from
origination to cancellation and refunds. That's why six of the top
10 auto lenders rely on F&I Sentinel to mitigate the
reputational, litigation, financial, and business risks inherent in
financing F&I products.
F&I Sentinel. Get Compliance Going Your
Way™. For details, visit here.
Media Contacts:
Kathy
Berardi
Carabiner Communications for F&I Sentinel
678.644.4122
kberardi@carabinercomms.com
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SOURCE F&I Sentinel