Lender Management

As a TRONIX user, you can add lenders, edit lender details, search for lenders and retire lenders in TRONIX.

Lenders are added to the Dealer Group and assigned to Dealers within the Dealer Group. 


Add a New Lender

You should be logged into the dealer that you wish to add Lenders to in the dealer select modal. To Add a New Lender: 

  1. Select Tools > Lender Management from the left navigation menu.
  2. In the Lender Management dialog, click the Add Lender button in the top-right corner:
  3. In the Lender Management dialog, add the following details for the new lender:

Note: Required fields in the following dialogs are denoted by a red asterisk.

 

 

Item

Description

Lender Name

Enter the name of the new lender.

Address

Enter the lender’s address.

City

Enter the lender’s city.

State

Enter the lender’s state.

Zip

Enter the lender’s zip code.

Phone

Enter the lender’s direct phone number.

DMS Lender Code

Enter the Dealer Management System (DMS) lender code for this lender.

Lender Affiliation

Select the financial institution with which this lender is affiliated.

Finance Reserve % (PCT)

Enter the finance reserve percentage. For most auto loans, dealerships tack an additional amount, called finance or dealer reserve, onto the interest rate the customer will pay. Today it's typically less than 2.5 percentage points and sometimes less than a single point.

RouteOne Only

Check if this is a RouteOne only lender. 

Finance Reserve Method

Select one of the available finance reserve methods. Default selection is None but you can choose the Difference method or Ratio method. 

Associated Dealers

Select from the available dealers which dealers in the group should have access to the lender. These will appear in the Selected Dealers column. 

Close

Click this button to cancel out of the dialog without saving your changes.

Save

Click this button to save your changes in TRONIX. A confirmation appears indicating that you have successfully created this new lender.

 

Search for Lenders

To search for lenders within TRONIX:

  1. Select Tools > Lender Management from the left navigation menu.
  2. In the Lender Management dialog, you can search for specific lenders by entering the lender name in the search box. 
  3. The Lender panel search results automatically updates with a list of lenders within the dealer group that match your search.
  4. Click the Lender Name (blue hyperlink) .The Lender Management dialog opens showing the lender details.

 

Edit a Lender Profile

To edit a lender profile in TRONIX:

  1. Select Tools > Lender Management from the left navigation menu.
  2. In the Lender Management dialog, search for the lender profile that you want to edit by following the instructions in Search for Lenders (previous section).
  3. Click the lender’s name (blue hyperlink).
  4. In the Lender Management dialog, edit the following details as mentioned in Add a New Lender

 

 

Retire/Activate a Lender

To retire/activate a Lender in TRONIX:

  1. Follow the steps in Search for Lenders to search for the lender.
  2. Locate the Lender to retire/activate in the Lenders panel and click the Retire/Activate button to the right of the lender.
  3. TRONIX retires/activates the lender and the lender becomes inactive/active.