Close More Sub-Prime Business with Point of Sale Insurance

van Wagenen Financial Services extends offering to include Point of Sale Insurance options helping sub-prime auto lenders win more business.

van Wagenen Financial Services continues on a rapid growth trajectory into the sub-prime lending market with the release of Point of Sale Insurance product for auto lenders and Buy Here Pay Here dealers. The offering helps dealers and lenders get more customers into vehicles by helping overcome insurance hurdles.

"Auto market expansion including sub-prime lenders and Buy Here Pay Here dealers is a key focus area for van Wagenen growth," says General Manager, Randall Rempp. He continues, noting, "The addition of our Point of Sale offering is a critical element of our expansion in this space. Clients have been asking for it and we are more than pleased to be able to fulfill that need."

The sub-prime auto lending market has been gaining momentum. With growth on their minds, more and more lenders are venturing deeper into this realm. Along with this push come more challenges getting buyers through the insurance verification process. Availability of Point of Sale Insurance products helps overcome a major hurdle in getting buyers through the purchasing process, into a car and on the road to building or repairing their credit.

The van Wagenen Point of Sale Insurance product provides immediate physical damage protection for both the lender and the borrower from an A+ rated carrier. It accelerates the underwriting process and provides ongoing insurance tracking and follow-up for the entire portfolio.

Information on the latest van Wagenen Point of Sale Auto Insurance program is available in the New Products section of our news site:

Tags: Auto Finance, auto insurance, buy here pay here, Sub-prime lending

About van Wagenen Financial Services

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van Wagenen is your business solution to managing auto and mortgage lending risk and increasing profitability in today's complex, ever-changing regulatory environment.

Melissa Koukkari
Marketing Supervisor, van Wagenen Financial Services
van Wagenen Financial Services
6483 City West Parkway
Eden Prairie, MN 55346
United States