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Sales Leads that Empower Growth
At Deal Extender, we are a mortgage industry lead provider that seeks to build relationships with Car Dealers across the country to increase an additional revenue for the Dealership after the car sale. We believe that there is a mutual benefit to the Car Dealership once the consumer finalizes the transaction at the dealership. We will continue to nourish that relationship by offering the consumer mortgage options. Even if they do not have a mortgage, they may qualify for purchase loan. We have established relationships with state licensed Mortgage Loan Originators with the top Lenders across the country.
The Car Business and the Mortgage Industry are very similar because we collect information from the Consumers to help us determine if they qualify for a loan.
Typically, these items consist of the Consumer's income, asset, and credit information.
Your Dealership works hard to generate Consumer's. Our goal is not to take away from the process of the car sale.
We begin our process within three days after the Consumers leaves your Dealership.
This process starts with the F&I department. We will provide a Borrower's Signature of Authorization that the F&I Manager can get signed while closing on the car sale. This agreement will allow the F&I Manager to upload the Consumer's information to our Dealer Portal. The Dealer Portal will allow the Dealership to monitor the progress of the Consumer throughout the process.
Once the Consumer's information has been received, our team of state licensed Mortgage Loan Originators will evaluate the information to determine if they can benefit the Consumer through a refinance or a purchase loan.
Once a benefit has been established, the Mortgage Loan Originator will reach out to the Consumer and congratulate them on the purchase of their new car and discuss all of their mortgage options.
If the Consumer agrees to move forward, the Mortgage Loan Originator will turn the file over to Processing. The Processor will send the Consumers information to an Underwriter for review. The Underwriter is the individual that will decision the loan.
Once the file is approved, the loan will be scheduled for closing. An average loan closing in 18 days or less. Once the deal has disbursed, your Dealership will receive a profit at the beginning of each month.