Automate Your Auto Financing Process: How to Automate the Loan Application

We all know that the auto industry is changing rapidly and car buyers are expecting more from their dealerships. For example, a recent survey by Lightico found that 71% of respondents would be willing to sign an auto finance contract remotely with the assistance of eSignature software. So how can you make this happen? Check out our blog post for tips on automating your auto financing process.

Collecting Documents Digitally

Many lenders (and dealers) use paper documents and fax machines to complete auto finance transactions, which can be both time-consuming and costly. Document management software lets you scan important documents into a central location so they're accessible from anywhere without the need for printing or physical storage space. You'll save money on office supplies, postage, and courier fees. Document management software like Lightico can also automate document handling for auto lenders by making it easy to upload documents into a database that is accessible from any device or location. Document management systems don't just save you money on physical office space; they also reduce the need for employees who spend their days running back and forth between the office and auto dealerships. Document management systems also allow lenders to track all of their documents in one centralized location, meaning they'll know at a glance what paperwork is outstanding or needs attention.

The Power of eSignatures

The use of eSignatures has been on the rise in recent years because they're convenient - users don't need to print and sign documents. eSignature software allows auto lenders to collect signatures and other required documentation from borrowers in a paperless environment, saving time, increasing efficiencies, and reducing errors. Document management software like Lightico can help auto lenders to collect signatures and other required documentation from borrowers in a paperless environment, saving time, increasing efficiencies and reducing errors. In conclusion, automating the auto financing process can help you save time and money. Document management software makes it easy to collect signatures from borrowers in a paperless environment, saving both time and money. Document management also reduces your need for employees who spend their days running back and forth between an office and dealerships. [wl_faceted_search]