Westlake Financial (WF) and Western Funding (WFI) are now funding deals to their dealer partners in real-time! Through the utilization of alternative data and improved technology, Nowcom automated various processes to fund deals faster. WF and WFI expect to have at least 25% of their total monthly deal volume fully automated, decreasing funding time exponentially.
“It is an honor to witness some of the top talents in technology and auto finance as they utilize data and leading-edge technology to produce wonders”
“When driven people come together to tackle a common objective, special things can happen,” stated Kyle Dietrich, SVP of Originations at WF. “Our team members leveraged cutting-edge tools and technology to expedite our services and fund deals in real-time, revolutionizing the auto industry.”
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The full process of funding deals originally took an average of two days but can now be completed instantly. On February 12th, 2022, 126 deals were funded within ten seconds, and that’s just the tip of the iceberg! Now, WF and WFI can provide instant stip verification and speedy eContracting. In the coming months, the companies expect to see improvements in automation efforts across the board.
“Westlake’s services continue to impress me!” stated Micahel Khuu, from Tari Enterprises Inc. “Their utilization of technology leads to great breakthroughs within this industry that allow us to expedite our deal funding process.”
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“It is an honor to witness some of the top talents in technology and auto finance as they utilize data and leading-edge technology to produce wonders,” stated Mark Vazquez, Senior Vice President of Sales for WF. “The future for our company is bright and I’m excited to see what we will do next.”
About Westlake Technology Holdings
Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $15 billion in assets under management. Westlake Financial (“Westlake”) originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and power sports dealers.
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