I'm confident that given All Pro's success to date in managing our portfolio effectively, this agreement and the services provided by UUAC
can give us all the support we realistically could need to fund our expansion of the All Pro Auto Mall business," said Jeff Turino, CEO of PCBM.
This means that in making the credit decision on deals that they intend to ask UUAC to accept, Hometown dealerships will not look at a person's debt-to-income ratio, as is usually the case in evaluating auto credit.
As part of the agreement, UUAC will also provide Hometown dealerships with leads generated from CreditLand.
Once pre-qualified, those consumers electing to do so are put in touch with the cooperating UUAC dealership (all Hometown dealerships are in the program) closest to the consumer, and the dealership then selects a vehicle that matches the pre-qualification data and delivers it to the customer.
In virtually all such cases, UUAC will "accept" the contract if it is asked by the dealer to do so.
Since Hometown Auto Retailers is one of the 100 largest auto dealership networks in the country, UUAC is happy to extend customized sub-prime loan services to Hometown's dealerships," said Michael Tuno, finance and insurance divisional administrator for Universal Underwriters Group.