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Driveway Finance Corporation Selects Shaw Systems Loan Servicing Software
Shaw Systems Associates, LLC, the leader in loan servicing software, announces their newest Spectrum client, Driveway Finance Corporation, a top auto finance company.
Driveway Finance Corporation, located in Medford, Oregon, is the finance company of Lithia Motors. Lithia Motors operates 267 car dealerships across 24 states, totaling $23 Billion dollars in sales annually. As the auto sector continues to become more competitive, Lithia Motors is turning to Driveway Finance to give their dealers a strategic advantage in the marketplace. Offering potential buyers, including those across the entire credit spectrum, a financing experience that will allow the organization to compete more efficiently in the marketplace. To execute this important initiative, Driveway understands they will need the technology in place to effectively service an increase in funded loans.
This initiative sent Driveway looking for loan servicing software that would give them the power and flexibility to manage their growing auto finance portfolio. They wanted the best leading-edge technology. They wanted a vendor dedicated to auto finance and a partner they could trust and believe in. This led to Driveway choosing Shaw’s Spectrum loan servicing software solution.
In Shaw’s Cloud, Driveway will be using the complete Spectrum loan servicing software suite. Spectrum will allow Driveway to have better technical and functional flexibility and visibility. It will also enable Driveway to perform servicing as they’d like it to be and help them scale as they continue to grow over the years.
Driveway decided Shaw was the best loan servicing software for their needs because of Shaw’s robust servicing and our clear experience in auto finance. They’re excited about our workflows, potential for process automation, and our auto finance configuration that will enhance the way they manage accounts. Driveway expects that as they execute their vision for more robust financing and servicing, having the right servicing software partner in place will be key to their long-term success.
About Driveway Finance Corporation
Since 2011, Driveway Finance has been making auto financing more straightforward as the primary lender for Lithia Motors and Lithia-owned dealer groups. Driveway is driven by principles that shape their company culture every day, supporting their continued delivery of top-notch service and products.
About Shaw Systems Associates, LLC
Shaw Systems offers a state-of-the-art loan servicing software solution. Shaw’s solution manages every aspect of the servicing life cycle through customer service, delinquency management, recovery, and placement. Shaw Systems' fully integrated solution offers seamless support for the needs of the borrower, dealer, internal staff, and management. Shaw’s client base includes many auto finance leaders, banks, captive finance companies, credit unions, peer-to-peer lenders, wholesale lenders, commercial finance, and specialty lenders.
If you would like to learn more about how Shaw’s Spectrum loan servicing software can help your company call us at 713.782.7730 or visit us at Shawsystems.com.