Harley-Davidson Financial Services Selects Metavante's GHR Systems to Provide Web-Based Financing Solution for Motorcycle Loans
25 January 2007 - 12:00AM
Business Wire
Metavante Corporation, the banking and payments technology
subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today
announced that it has signed an agreement with Harley-Davidson
Financial Services (HDFS) to provide a Web-based loan origination
system for HDFS� motorcycle loan business. HDFS will use technology
created by GHR Systems, Inc., a Metavante Lending Solution, to
streamline the loan origination process and provide Harley-Davidson
dealers with electronic application and document generation for
loans. GHR will provide HDFS with its CreditWorx� platform, which
automates loan underwriting, audit, funding, and documentation. GHR
Systems from Metavante is a leading provider of lending automation
technology and services for the consumer, residential mortgage and
small business industries. The Retail Finance Solutions unit of GHR
Systems offers complete consumer vendor financing solutions for
manufacturers, distributors, retailers and lending partners. �As a
state-of-the-art Web-based loan origination and decision engine
solution, CreditWorx will provide HDFS with a single,
enterprise-wide platform for its consumer loan origination
process,� said Rick Arends, executive vice president, Retail
Financing Solutions unit of GHR Systems. �It is designed for
information application processing, automated and manual
decisioning, and documentation preparation.� �Our relationship with
HDFS is a significant milestone in expanding our point-of-sale
financing operations in the United States and we welcome HDFS to
the Metavante Lending Solution�s growing community of North
American clients, which include five of the top power sports
recreational manufacturers in the world and six of the top 20 U.S.
mortgage lenders,� said Gary Refinski, Metavante executive vice
president. Metavante Lending Solutions provides technology and
service solutions for mortgage, home equity, consumer and indirect
retail finance loan origination. Lending solutions are provided for
point-of-sale origination, processing, closing, automated
underwriting, decisioning, and business process management, as well
as processing, settlement and document generation services.
Metavante Lending Solutions are used to better market, sell,
process, and close loans through all distribution channels,
including retail, wholesale, Internet, and correspondent. Metavante
Lending Solutions helps clients of all sizes, from community banks
to the top financial institutions in North America. About
Harley-Davidson Harley-Davidson Financial Services (HDFS), a wholly
owned subsidiary of Harley-Davidson, Inc. (NYSE: HOG), provides
wholesale and retail financing, insurance, and credit card programs
to Harley-Davidson and Buell dealers and riders in the U.S.,
Canada, and select European countries. HDFS finances riders�
purchases of Harley-Davidson� and Buell� branded motorcycles,
parts, accessories and general merchandise. HDFS also offers
motorcycle insurance, an extended service plan, and other
protection plans. HDFS offers Harley-Davidson and Buell dealerships
floor plan financing, dealership and garage insurance and insurance
coverage for events and rentals. About Metavante Metavante
Corporation delivers banking and payments technologies to financial
services firms and businesses worldwide. Metavante products and
services drive account processing for deposit, loan and trust
systems, image-based and conventional check processing, electronic
funds transfer, consumer healthcare payments, electronic
presentment and payment, and business transformation services.
Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly
owned by Marshall & Ilsley Corporation (NYSE: MI). Metavante is
a registered trademark of Metavante Corporation.
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