USA Paperless Car Buyer Dealership Verification Automated Service Launched

TurboPass has launched a new car buyer proof-of-income service to streamline the buying and financing process. They help dealerships to increase sales through automated, paperless validation that's sharable with downstream lending partners.

Austin, United States - August 2, 2020 /PressCable/ —

A new proof-of-income service for car dealerships has been launched, called TurboPass. It’s designed to provide instant proof of customers’ ability to pay, along with their residency and identity information.

More information can be found at: https://www.turbopassreport.com

Dealers utilizing the cutting-edge tool can close deals faster and work with reduced risk. TurboPass offers a true financial snapshot of each buyer to help clients get funded faster.

TurboPass uses patent-pending technology to get a true and accurate picture of each buyer’s ability to pay. It is also able to de-risk the deal for all parties involved.

Alongside this, TurboPass eliminates clients’ CIT and funding delays. When using the cutting-edge solution, dealers can reduce their average contracts in transit from 3-10 days down to a few hours.

Another key benefit for dealers is that it allows them to eliminate fraud. This is important, because finance fraud is growing annually and is estimated to reach $7 billion this year.

The SaaS-based solution provided by TurboPass removes stress and hassle from the car-buying process. Dealers don’t have to worry about document-based verification. Instead, they can access trusted direct-source data that fulfills the need for bank statements and proof of income.

The company states: “Our team has decades of experience in the financial technology, medical and automotive sectors. We have leveraged that experience to create powerful software and business practice solutions for improving the lives of our users.”

TurboPass has been featured in a new report covering the 2020 Emerging 8 honorees. This year’s Emerging 8 includes TurboPass alongside other businesses like Spiffy and Volta.

By eliminating the paperwork associated with traditional financial stipulations, TurboPass is able to streamline the buying process. The faster clients are able to close their deals, the more satisfied their customers will become.

The process is simple, and begins with dealers sending out a TurboPass invite to their customer’s mobile device. The buyer then connects their account, and logs in securely with their banking accounts.

From there, the TurboPass AI can analyze the accounts and generate a comprehensive financial snapshot. This is the TurboPass Report, which validates their income and more.

The company is receiving high praise in reviews from a wide range of customers. One example is Douglas Machado, a Sales Manager at New England Automax.

He said: “TurboPass is helping us a lot! Before, we used to do about 25 deals a month with a major lender who is already accepting TurboPass to clear stipulations. As soon as we signed up with TurboPass, we jumped from 25 cars to 45-50 deals per month with that national lender because I can trust there will not be any delays due to inacurate income calculations or fraudulent or delayed verifcations.”

This allows us to get funded faster, sell more cars and help more people. During the COVID-19 pandemic, people want a touchless and paperless process and it’s hard to tell who’s still employed and working. With TurboPass I can see that my buyer has received their direct deposit as recently as TODAY from the digital report and the auto lenders can rely on the information because it’s sourced and shared directly from the financial institution with the buyer’s express consent.”

“It’s like a trust token that helps everything go faster. This is a game changer for us and the industry!” said Machado.

Further testimonials can be found at: https://www.youtube.com/playlist?list=PLq7mkEHsy5WC9pYOT5zGesTdtuSWLKQms

Contact Info:
Name: Michael Jarman
Email: Send Email
Organization: TurboPass Corporation
Address: 7509 Menchaca Dr Suite 103, Austin, tx 78745, United States
Website: https://www.turbopassreport.com/

Source: PressCable

Release ID: 88970117

More News From weeklyfame.com

China says US has 'weaponized' visas to target exchanges

Aug 12, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

The Latest: British PM questions Thomas Cook bosses' pay

Aug 12, 2020

LONDON — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday that steps needed to be taken so "you don't end up with a situation where the taxpayer, where the state is having to step in and bring people home." Johnson asks "whether it's right that the directors and the board should pay themselves large sums when a company can go down...

Tour company Thomas Cook collapses, global bookings canceled

Aug 12, 2020

LONDON — Longtime British tour company Thomas Cook collapsed after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers were canceled early Monday. The British government said the return of the firm's 150,000 British customers now abroad would be the largest repatriation in its peacetime history. The process began Monday and officials warned that delays are inevitable. The Civil Aviation Authority said Thomas Cook has ceased trading, its four airlines will be grounded, and its 21,000 employees in 16 countries, including 9,000 in the UK, will lose their jobs. The company several months ago...

Fate of travel firm Thomas Cook up in the air after talks

Aug 12, 2020

LONDON — More than 600,000 vacationers who booked through tour operator Thomas Cook were on edge Sunday, wondering if they will be able to get home, as one of the world's oldest and biggest travel companies teetered on the edge of collapse. The debt-laden company, which confirmed Friday it was seeking 200 million pounds ($250 million) in funding to avoid going bust, was in talks with shareholders and creditors to stave off failure. A collapse could leave around 150,000 travelers from Britain stranded, along with hundreds of thousands from other countries. The company has sought to reassure customers that flights...

Bermuda lashed by heavy winds from Cat 3 Hurricane Humberto

Aug 12, 2020

MIAMI — Hurricane Humberto lashed Bermuda with strong winds Wednesday night as the powerful Category 3 storm passed just to the north of the British Atlantic territory, while another growing storm threatened tourist resorts along Mexico's Pacific coast. Bermuda Gov. John Rankin called up 120 members of the Royal Bermuda Regiment to prepare for possible storm recovery efforts and National Security Minister Wayne Caines cautioned everyone to stay inside. Authorities had ordered early closings of schools, clinics and government offices. The U.S. National Hurricane Center said hurricane-force winds began to hit the island of some 70,000 people by late afternoon...

Weekly Fame seeks to provide purposeful news to help improve and be a better self through daily life, fashion, accommodations, and traveling.

Contact us: sales@weeklyfame.com