ARLINGTON, Texas, July 17, 2017 /PRNewswire/ — Agora Data, Inc. (“AGORA”), a Texas-based provider of technology solutions for the financial services industry, announces its partnerships with market-leader Auto Loan Technologies, LLC dba AutoZoom to expand the suite of services available to the buy-here, pay here dealer community.
AutoZoom is a web-based scoring and predictive underwriting SaaS provider designed to meet the underwriting and analysis challenges of the buy-here pay-here industry through its unique ability to build custom-fit scoring models for used-car financing dealerships.
“AGORA is thrilled to partner with one of the leading providers of front-end analytics for auto loan originations,” commented AGORA CEO and founder Steve Burke. “Partnering with AutoZoom is a critical component to AGORA’s plan for vertical integration in the auto finance industry.”
Since its launch in April 2017, AGORA’s flagship loan exchange platform has rapidly revolutionized the secondary market for auto loans, allowing buyers and sellers to publish and exchange loan data directly in an efficient and secure environment without the need of intermediaries or brokers.
“I have been facilitating the origination efforts of the buy here, pay here dealer and finance company communities for decades. Having the ability to partner with AGORA and provide those same clients with exit and liquidity solutions helps complete the value chain we offer the industry,” remarked AutoZoom founder, Scott Carlson. “We could not be happier to have a partner like AGORA.”
AGORA was created in response to the many friction points and inefficiencies that exist in the manner that auto loan portfolios currently trade – namely poor and inconsistent data, lack of transparency from the brokers that dominate the market and heightened regulatory concerns over unsecured transmission of personal consumer data.
“Joining forces with AutoZoom demonstrates AGORA’s commitment to put our customers first and to seamlessly provide a more complete suite of tools and resources to the buy here, pay here and finance company segments,” noted Steve Burke.
Auto Loan Technologies, LLC dba AutoZoom is a North Richland Hills, TX-based risk management SaaS company that helps auto dealers to better manage risk associated with the underwriting challenges of buy here, pay here. AutoZoom founder Scott Carlson and the entire AutoZoom team have extensive operational backgrounds associated with independent buy here, pay here lots, sub-prime lending and the development of risk-management systems dating back to 1969. Visit www.autozoom.com for more information.
About Agora Data, Inc.
Founded by industry veterans, Agora Data, Inc. is an Arlington, Texas-based developer of financial services enabling software and solutions. Its flagship application AGORA was launched to create a true marketplace for buyers and sellers of auto loans. With the launch of its initial commercial release, AGORA has turned to build-out subsequent releases to include extremely robust due diligence, pricing, reporting and compliance modules for the platform. Visit www.agoradata.com for more information or call Steve Burke at 682-777-2003.
SOURCE Agora Data, Inc.