Sunday, Jun. 04, 2006, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
FARMINGTON HILLS, Mich. (June 5, 2006) -- RouteOne announced Friday that it processed 1 million credit applications in May, and executives project the volume will continue to rise going forward. "Successfully processing 1 million applications in a month is an important validation of our system and its efficiency," explained Mike Jurecki, RouteOne's chief executive officer. "Since the beginning of the year, our monthly application volume has increased by more than 50 percent. "This is a clear indication that our customers are taking advantage of our system's ability to help them streamline their F&I processes," he continued. "As we continue to add finance sources and increase investment in our technology, we expect an even faster acceleration of application throughput." Since its formation in 2002, RouteOne executives said they have enrolled 21,500 dealerships. Executives also pointed out that RouteOne connects dealers to 70 percent of the lending volume of the top 25 U.S. indirect lenders and offers access to all captive and non-captive finance sources.