New York, NY -- (SBWIRE) -- 04/24/2017 -- Loan origination software company, Financial Network, Inc. (FNI), has added Kelley Blue Book automotive valuation services to its list of data providers. Loan origination is the complete process that occurs between borrower and lender. In automotive lending, one of the early stages of FNI's loan origination process is to determine the value of the vehicle and to use this as a means to inform lenders about how to proceed, based on predetermined criteria.
FNI's automobile loan origination services call for market-reflective vehicle valuations to ensure both the lender and the borrower are working with fair pricing estimates. To that end, Kelley Blue Book has proven to be one of the most reliable sources for automobile valuations. Adding Kelley Blue Book data, including trade-in, retail and lending values, ensures that FNI can provide accurate appraisals for its clients in a much more efficient manner than if they used Kelley Blue Book as a third-party. Essentially, it gives FNI's clients instant access to Kelley Blue Book's extensive Blue Book® Value database, making for more efficient loan origination operations all around.
About Kelley Blue Book
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book's KBB.com ranked highest in its category for brand equity by the 2016 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for five consecutive years. Kelley Blue Book Co., Inc. is a Cox Automotive brand.
About Financial Network Inc.
Through over 30 years of providing custom credit lending solutions, Financial Network, Inc. stands as the market expert in robust credit lending platforms and loan origination systems. Based on extensive experience creating truly custom products, Financial Network Inc. has assembled FNI Turnkey and FNI Turnkey Plus solutions that are the culmination of the best lending practices. FNI has custom solutions in place with 3 of the 5 largest U.S. banks and lending institutions.