This week, RouteOne announced the addition of Fidelity Bank as an available eContracting finance source for dealers utilizing the RouteOne platform.
Fidelity Bank’s financing services are available to dealers throughout the South.
David Buchanan, executive vice president of indirect lending at Fidelity Bank, said, “We are excited to be a participant in the RouteOne eContracting program. The system allows us to process contracts faster, improving the financing experience for both dealers and their customers.”
RouteOne emphasized that eContracting can enhance the F&I process by enabling the digital origination and exchange of critical contract documents and data between dealers and finance sources. The company noted this situation can create a more professional auto finance customer experience, increases efficiency and reduces contracts in transit.
RouteOne has more than 6,600 active dealers currently using eContracting. With more than 40 live and in-pilot eContracting finance sources, RouteOne highlighted the growth has resulted in booking more than 8.2 million eContracts to date.
The combined rapid adoption by dealers and finance sources has led to notable growth in RouteOne’s non-captive eContracting share, which has more than doubled every year since 2014.
And now Fidelity Bank is part of the network.
“As a system of choice we are always pleased to expand our offering to our dealer customers,” said Jeff Belanger, RouteOne’s senior vice president of business development. “We welcome Fidelity Bank to our eContracting platform and are eager to collaboratively work with Fidelity to enhance the dealer and customer auto finance experience.”
Dealers interested in eContracting should their RouteOne business development manager at (866) 768-8301 or visit .