CULE AUCTION: Loans that are outside of every lender in the system's auto approval guidelines are dropped into an auction queue for all lenders to view in detail and decision. The loans are available in the queue for a short time frame, generally 15 minutes, and while in the queue a lender can review every aspect and detail of the deal structure as well as the entire financial situation of the applicant to determine if the reasons that the loan fell out of their guideline. If a lender decides to accept the loan and complete the approval process in the Auction Queue, you'll receive an approval status indicator and that's it! You submit the package, we'll complete the verification process and if everything checks out, the loan is funded. Even with an Auction Approved Loan there are no messy and complicated conditions or additional stipulations to meet.

CULE Pass-Through: For the most credit or structure challenged loans CULE has developed a unique Pass-through program that continues to push your loan application out to select and multiple Lenders that specialize in challenged deals. These loans will likely be stipped and conditioned, but that's no surprise to you.

The Big Three - Reasons To Use CULE

1. RouteOne and DealerTrack program interface with our system. The RouteOne and DealerTrack interfaces allow you to select CULE as a lender of choice in your Dealer Core Operating system for immediate loan application submission, without logging in to a separate system. RouteOne and DealerTrack interface also means that any Dealer any where on these systems has the potential of participating in the program at any time.

2. Unlimited access to multiple lenders all under one roof. The consistency and ease of the CULE system eliminates having to deal with multiple lenders, their dealer reps and separate underwriting standards and guidelines for each individual lender. You can get rid of that bulky Lender Program Binder because you'll have one set of program guidelines and underwriting standards for all of the lenders in our system. And you can spend more time doing closing deals and completing other important tasks because you won't be needing to meet with individual Dealer Reps from multiple lenders. And you won't be maintaining separate rate sheets for each lender in this system, the rate sheets and underwriting guidelines are aggregated to make your life as a dealer simpler!

3. Consistency in loan processing and packaging - One of the most important and time saving advantages of the CULE system is consistency of the aggregated back-office processing and loan packaging. CULE acts as both the front end and back end for the lenders in the system. So you send us the loan package and you deal with one entity, consistently throughout the processing and funding of each loan. Dealing with one entity rather than individual lenders streamlines the process for you as the Dealer and for us. We get to know you and you get to know us, and by the third or fourth completed deal (Packaging to funding) everyone understand the process and we're off and rolling.

Low Monthly Fees* - Why are you paying hefty fees to have access to lenders, especially Credit Unions? Our Dealers pay a low monthly fee (less than $100 per month) and have ongoing access to multiple lenders for every submission. 

No Back-end product Sales Unwinds From Our Lenders - We've carefully crafted the lender underwriting guidelines and Lender agreement to assure our Dealers that when the Back-end product sales meet the program criteria that Lenders will not unwind these sales. Our lenders understand that these sales and their profits to Dealers are critical and every lender has agreed to the Back-end product maximum price guidelines stipulated in the CULE Underwriting and Rate Sheets in order to provide consistent and fair profits to our participating Dealers.

Highly Competitive and Liberal Underwriting Guidelines and Rates - Credit Unions have always provided their members with exceptional rates and service. The participating CUs in the CULE program are no exception. The Underwriting guidelines, rates, terms and pre-conditioned stipulations are some of the most competitive and most liberal of all lenders in the marketplace today. While rates and terms may vary by lender, the underwriting guidelines and standard stipulations are consistent across the board with all lenders in the system. This means that as long as submit a real-deal within the guidelines, chances are you'll get an instant auto-approval from the system.

Dealer Participation's Paid on Every Funded Loan...with an opportunity for increased payout on new member loan fundings. Dealers will earn a standard Dealer participation for their marketplace and production levels on every funded CULE loan. No negotiations, no muss or fuss. Our lenders value the Dealer relationship and are happy to provide dealers as participation fee for all funded loans. And many of our Lenders are willing to pay a premium* for new or non-member loans with rate mark-ups where the regulations allow such a premium to be paid. (*some State and government regulations and restrictions apply to rate mark-ups and Dealer participation)

We can go on and on with the benefits but the short summary is that you as a dealer have nothing to lose and everything to gain by checking out the CULE system. We are waiting to hear from you! Click here to complete a contact form.