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 Weekly Rebound

Oturu scores 30 as Minnesota beats No. 19 Michigan 75-67

Aug 7, 2020

MINNEAPOLIS — Daniel Oturu shook off an injury and had a career game to help Minnesota take down another ranked opponent. Oturu scored a career-high 30 points and the Gophers went on a late 11-0 run to beat No. 19 Michigan 75-67 on Sunday. The sophomore center had 20 points in a dominant first half, and he continued his roll with six quick points after the break. But with 14:35 remaining, he hit the deck hard while fighting for a rebound. He stayed on the floor for nearly five minutes, clutching his left shoulder as a hush fell over the...

Bey scores 33, leads No. 16 Villanova past Georgetown 80-66

Aug 7, 2020

PHILADELPHIA — Saddiq Bey hit eight 3-pointers and scored a career-high 33 points to lead No. 16 Villanova to an 80-66 win over Georgetown on Saturday. Bey, a 6-foot-8 sophomore forward, hadn't been much of a 3-pointer shooter this season for the Wildcats (12-3, 3-1 Big East). He'd made only 21 and four of those came in a nonconference game against Ohio. He shot just 3-for-10 overall in a win this week at Creighton, hardly a sign he was about to bust out with a career game against the Hoyas (11-6, 1-3). Left open, and determined to shoot, Bey had...

Former UConn coach Jim Calhoun earns 900th career win

Aug 7, 2020

WEST HARTFORD, Conn. — Jim Calhoun’s 900th win looked like so many others during a Hall of Fame coaching career. He stomped. He screamed. He slammed objects. The only real difference is the sideline he now controls. The longtime Connecticut coach added another milestone Friday night when the University of Saint Joseph beat Pratt Institute 105-61. Now in his second season coaching in Division III, Calhoun joined Mike Krzyzewski, Jim Boeheim and Bob Knight — all former rivals and national champions at college basketball’s highest level — as the only coaches to coach at least 10 seasons in Division I...

Stewart leads way in Washington's 72-40 blowout of USC

Aug 7, 2020

SEATTLE — After a lackluster thud to begin Pac-12 Conference play, Washington rebounded with its biggest conference blowout in nearly a decade. Isaiah Stewart scored 18 points and grabbed 10 rebounds, Quade Green added 14 points and Washington rebounded from a loss to open conference play with a 72-40 romp over Southern California on Sunday night. Stewart was again dominant on the interior despite sitting the final 9 minutes of the first half with foul trouble. The freshman post was 6-of-12 shooting and had two of Washington’s 12 blocked shots. Fellow freshman Jaden McDaniels added 11 points despite an off...

Grizzlies take advantage of George's absence to top Clippers

Aug 7, 2020

LOS ANGELES — Jae Crowder scored 27 points and the Memphis Grizzlies took advantage of Los Angeles star Paul George's absence to rout the Clippers 140-114 on Saturday. Jaren Jackson Jr. added 24 points, and Ja Morant and Dillon Brooks had 22 points each to help Memphis improve to 7-10 on the road with its highest scoring game of the season. Montrezl Harrell led the Clippers with 28 points, and Kawhi Leonard and Lou Williams added 24 points each. The team appeared out of sorts from the start without George. He sat out with left hamstring tightness and Los Angeles...

Sign up now!