XpressCredit Loan Origination System Chosen by American Finance, LLC

May 29, 2009

SYRACUSE, NY – XpressCredit, provider of a web-based, indirect lending platform announces that American Finance of Dover, DE has chosen the XpressCredit Loan Origination System (LOS) to conduct its back office underwriting. American Financial will also utilize XpressCredit’s new FacTrack™ tool for verification of customer data during the application process.

The advanced filtering technology of XpressCredit’s loan origination system will provide American Finance with the ability to receive only applications that meet their criteria for funding, enhancing efficiency and profitability. In addition, the FacTrack functionality will allow American Finance to quickly verify and cross reference customer information providing more precision in their lending practices.

“We’re pleased to welcome American Finance to the XpressCredit platform. Our features and functionality will allow American Finance to originate more loans based on precise customer data, thereby growing their business and market share. ” said XpressCredit Executive Vice President,
Mark Louer.

Dean Stibbs, Operations Manager at American Finance said “XpressCredit has been very easy to work with during the entire integration process. In the past we’ve had to change our process to work with other software vendors, but XpressCredit modified their platform to accommodate us, making the transition seamless.”

About XpressCredit
XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. Filtering of the applicant data and collateral provides the ability for lenders to evaluate applications quickly and increase approvals and look-to-book. Founded in 1999, XpressCredit is a New York corporation headquartered in Syracuse, NY. For more information visit www.xpresscredit.net or contact Mark W. Louer, Executive Vice-President (315) 634-5101 x206, [email protected].