XpressCredit Partners with Allied to Offer Allied’s Lenders Access to Powersport Loan Applications

March 5, 2009 - PRLog -- XpressCredit and Allied Solutions added another product to their partnership. XpressCredit, a Web-based Credit Aggregation System, is used by more than 400 motorcycle, ATV, snowmobile and personal watercraft dealers. XpressCredit automates and accelerates the indirect financing process between powersports dealers and lenders. Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions.

As partners, XpressCredit brings additional powersport dealers to Allied Solution’s more than 3,700 financial institutions. Since XpressCredit provides dealers with the technology to pass filtered credit applications to multiple lenders, Allied Solution’s financial institutions will have the opportunity to receive loan applications that meet their underwriting parameters. As a participating finance source on the XpressCredit platform the Allied Solution’s financial institutions will gain immediate access to franchised powersports dealers located within their footprint.

"We are excited to build upon our relationship with Allied Solutions. XpressCredit is proud to be a leading driver in the powersport industry and to grow our successful relationship with Allied," Mark Louer, Executive Vice President, XpressCredit, commented.

"With todays market conditions the timing could not be better to introduce this new indirect lending offering to our financial institution clients. They will now have an opportunity to take advantage of this growing market segment by leveraging XpressCredit's technology and extensive dealer network to acquire new loans," said Pete Hilger, Executive Vice President, Allied Solutions.

About Allied Solutions

Allied Solutions is a leading insurance and financial services company that has been working with financial institutions for more than 27 years. Allied Solutions currently has business with more than 3,600 financial institutions around the country. Allied Solutions represents a variety of product providers, all of which maintain high ratings for financial strength. Allied Solutions (www.alliedsolutions.net) is a wholly-owned, independently-operated subsidiary of Securian Financial Group (www.securian.com).
About XpressCredit

XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently. For more information or to register, go to www.xpresscredit.net or contact Mark W. Louer, Executive Vice-President (315) 634-5101 x206, mlouer@xpresscredit.net.

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XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide.