Continues to Lead Industry with Newest Innovation – Direct to Indirect Auto Financing

Irving, Texas (PRWEB) August 3, 2009, an online auto finance company, is launching its newest innovative product expansion to their marketplace lending platform to include, direct-to-indirect lending. This expanded lending product enhances the company’s marketplace lending platform leveraging its patent pending Preferred Placement℠ technology. Preferred Placement℠ matches consumers to direct lenders through a sophisticated scoring process resulting in a high approval rate and funded loans.

The marketplace lending platform that now includes, ‘Direct-to-Indirect’ leverages current economic conditions, and provides an innovative hybrid model that matches consumers to indirect lenders. This process utilizes established technologies and processes but allows for the addition of indirect lenders and their dealer networks. Typically direct lending customers receive a check-in-hand and can shop with any franchised dealer they choose. The expanded platform will match indirect approved customers, as well as, matched to the approving lender’s dealer network to close the loan.

Online customers will continue to benefit from the additional lenders available to approve and fund their auto loan. Lenders benefit from the additional quality customer base that presents, translateing into additional funded loans. Dealerships will benefit from the additional finance approved customer traffic directed to their businesses, thereby selling more cars.

The demand for both direct and indirect online auto financing has jumped significantly during the first six months of 2009. Finance applications for the purchase of new and used cars, as well as refinance loans, has risen sharply due much in part to the increase demand for the auto loan financing that diminished due to lending institution restrictions or exits from the auto lending marketplace.

These channels left consumers without options, and consequently, consumers have begun to apply online in search of alternative financing. They eagerly expanded their options searching for alternative financing solutions. This resulted in a large increase of auto loan application volume.

“We are absolutely delighted to be in a position to launch this latest marketplace platform lending product, and we’re confident it will delight our customers, lenders, and their dealers,” said Gregory Thibodeau, CEO of “Challenging markets lead the way for new product opportunities, and the direct-to indirect expansion, as presented by, is innovative and in strong demand.”

We believe that this continues to signal that demand for direct to consumer lending for the purchase of new and used autos, and that auto refinance loans are much bigger than the supply of financing. We experienced the same strong demand in the first quarter as we see lenders tighten credit and leave the direct market because of a lack of available ABS securitization.”

Thibodeau also stated that, “As we monitor the month to month activity, the strength of the demand that we see from our marketplace lending platform shows that customers continue to search for a less hostile lending alternatives. This is because of the overly cautious parameters that lenders are using to evaluate financing applicants.

Velocity Hires Industry Veteran for Loan Acquisitions Kolasinski to Lead Financial loan Acquisition Initiatives for Specialty Finance Organization

Westlake Village, CA (PRWEB) January 17, 2013

Velocity Professional Funds, a specialty finance firm focusing on originating, buying and securitizing tiny equilibrium commercial financial loans, announces the addition of Craig Kolasinski to its Cash Markets group. In his part as Director of Loan Acquisitions, Kolasinski will lead Velocitys enterprise growth attempts buying pools of business mortgage loan financial loans nationwide in the secondary marketplace.


Kolasinski provides far more than twenty a long time banking and mortgage acquisitions expertise to the placement. Prior to his appointment, Kolasinski was Director of Acquisitions for Onward Investors, LLC and beforehand held a senior management role at Initial Financial institution of Beverly Hills.


I am thrilled with the addition of Craig Kolasinski to the Funds Marketplaces group at Velocity, said Chris Farrar, President and CEO. His deep encounter and associations in the banking business will play an integral position whilst we continue to increase our acquisitions business and insert to our portfolio.


Kolasinksi retains a Bachelors degree in Company Administration from Kent State College.&#13


About Velocity&#13

Velocity Professional Capital is a specialty finance firm concentrating on professional actual estate debt. Velocity acquires portfolios of performing and non-executing loans nationwide. In addition, the organization originates modest equilibrium business financial loans and acts as particular servicer, dealing with distressed belongings. Launched in 2004, Velocity is headquartered in Westlake Village, California. For far more data, remember to check out:


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