Customer financing pre-approval

Step-by-Step Breakdown

Detailed explanation of each automated stage in the workflow.

1. 1

   Trigger

   Capture financing application data

   Customer financing application is received with personal information, income details, and desired RV purchase amount. Application data is automatically parsed and validated for completeness.

   DealerSocket CRMFrazer DMS
2. 2

   Action

   Pull credit report automatically

   System automatically retrieves customer credit score and credit history using integrated credit bureau services. Credit data is securely stored in the customer record.

   DealerSocket CRMReynolds and Reynolds
3. 3

   Decision

   Route based on credit tier

   Workflow branches customers into prime, near-prime, or subprime categories based on credit score ranges. Each tier follows different lender approval paths and terms.

   CDK DriveAutosoft DMS
4. 4

   Action

   Submit to appropriate lenders

   Application is automatically submitted to pre-configured lender network based on credit tier. Multiple lenders may be contacted simultaneously for competitive rates.

   Frazer DMSRV Pro Manager
5. 5

   Action

   Process lender responses

   System collects approval decisions, interest rates, and loan terms from lenders. Best available offer is automatically selected based on dealership profitability rules.

   Reynolds and ReynoldsCDK Drive
6. 6

   Action

   Generate pre-approval certificate

   Automated pre-approval letter is created with financing terms, monthly payment estimates, and expiration date. Customer and sales team are immediately notified of approval status.

   DealerSocket CRMAutosoft DMS
7. 7

   Output

   Deliver approval notification

   Pre-approval certificate is automatically sent to customer via email and SMS, while sales team receives internal notification with financing details to begin RV selection process.

   DealerSocket CRMRV Pro Manager

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