DeFi
F&I Sentinel Partners with defi SOLUTIONS to Deliver Efficient and Accurate F&I Product Compliance to Auto Lenders
TALLAHASSEE, Fla., July 16, 2024 /PRNewswire/ — F&I Sentinelthe trusted provider of risk management solutions for financial and insurance (F&I) products to the automotive finance industry, today announced its partnership with CHALLENGE SOLUTIONSthe leading provider of portfolio origination, maintenance and management software and services. Together, F&I Sentinel and defi SOLUTIONS will deliver increased efficiency and accuracy through automation, as well as improved F&I product compliance for auto finance lenders, auto dealers and product companies.
F&I Sentinel
Due to a patchwork of state and federal regulations, auto lenders are held accountable for non-compliance at every stage of an F&I product’s lifecycle. The ever-expanding array of F&I products offered during the car purchase process—from vehicle service contracts to GAP waivers to vehicle value protection agreements—increases auto lenders’ risk of non-compliance for aftermarket products financed through the auto loan. Automation is key to minimizing human error and mitigating compliance risks.
“Today’s ever-changing regulatory landscape demands dynamic compliance, far beyond traditional standard controls and processes, consultants or technology automation,” said Stephen McDaniel, CEO of F&I Sentinel. “Partnering with defi reinforces our commitment to the industry to deliver proactive, technology-enabled managed compliance solutions that bring transparency, efficiency and clarity throughout the F&I product lifecycle.”
As part of this partnership, defi XLOS and challenge ORIGINATIONS Customers will quickly be able to realize the benefits of F&I Sentinel’s CITADEL® platform, including: access to its repository of over 112,000 compliant F&I products, ensuring only compliant products are financed; a simplified financing process for better dealer relationships; integration of CITADEL data into lender contract acceptance business rules to reduce financing errors; and access to the full F&I product form for each product financed in the transaction.
“We understand the challenges and complexities lenders face and are committed to providing them with best-in-class solutions and services that meet their needs and expectations,” said Tom Allanson, CEO of defi SOLUTIONS. “Through this partnership with F&I Sentinel, our clients can reduce their compliance risks, costs and burdens while improving their overall performance, reputation and customer satisfaction through the technology and services we provide.”
The story continues
Founded in 2018, F&I Sentinel provides technology-enabled risk management solutions across the entire F&I product lifecycle in the automotive finance industry. More than 100 lenders, including six of the top 10 U.S. auto lenders, rely on F&I Sentinel solutions to drive efficiencies and mitigate reputational, litigation, financial and business risks inherent in the origination, management and termination of F&I products.
To learn more about F&I Sentinel’s CITADEL® platform, click here.
About F&I Sentinel
F&I Sentinel enables auto finance companies to finally stay ahead of the ever-changing regulatory landscape and avoid litigation. Our dynamic approach to compliance uniquely combines automation and human intelligence for an unmatched experience, unmatched rigor, and unmatched insights. Powered by CITADEL®, the world’s first comprehensive F&I compliance management platform, our team helps you achieve compliance across the entire F&I product lifecycle, from origination to cancellation and refunds. That’s why six of the top 10 auto lenders trust F&I Sentinel to mitigate the reputational, litigation, financial, and business risks inherent in F&I product financing.
F&I Sentinel. Make compliance work your way™. For more details visit here.
Media Contacts:
Kathy Berardi
Carabiner Communications for F&I Sentinel
678.644.4122
kberardi@carabinercomms.com
Cision
Show original content to download multimedia:https://www.prnewswire.com/news-releases/fi-sentinel-partners-with-defi-solutions-to-deliver-efficient-and-accurate-fi-product-compliance-to-auto-lenders-302196555. HTML
SOURCE F&I Sentinel