Curomax and Bank of the West join forces
July 1, 2005
Filed under Marine Finance
TORONTO – Curomax Ltd., has reached an agreement with Bank of the West to enhance the bank’s United States marine and recreational vehicle lending capabilities, Curomax said in a recent release.
When the service becomes available to Bank of the West clients early in the third quarter of this year, it will automate the process of financing an RV or marine product, enabling dealers to submit consumer loan applications electronically and improve their ability to track the status of individual deals.
“Bank of the West has invested significantly in its Dealer Lending Services and in particular its focus on recreation and marine dealer needs across the United States,” said John Wojcik, executive vice president of Bank of the West. “Curomax has done its research and has arrived in the U.S. RV and marine markets with a loan origination channel that we believe will fundamentally change how recreation and marine dealers interact with lenders in America. We believe that working with Curomax will help us facilitate that change.”
Dealers use Curomax to submit transactions to the lender of their choice, obtain on-line, realtime credit decisioning, update deal status and produce all necessary lender contract documentation.
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