CTL migrates onto the Dealer Track Network
OAKVILLE--After 3 years of developing trusted dealer relationships, building solid infrastructure and backed by Sun Life Financial, Canadian Title Loan Corporation (CTL) is migrating its loan origination process to the Dealer Track Network.
In a recent interview, co-founder and CEO Jeffrey Newhouse stated that "CTL had voluntarily held off joining the Dealer Track Network until we had all the pieces of the puzzle in place. We have worked hard since 2010 to build trusted relationships with each dealer in our network. We have made our process very easy for dealers to work with us; creating a path of least-resistance for them to get their consumers financed.
With these relationships in place, a new lending program that will earn dealers more profit, a significant funding line with Sun Life Financial and representatives operating coast-to-coast across Canada, CTL is looking to underwrite more consumer loans as we migrate onto the Dealer Track Network in September."
CTL has grown to be the 5th largest non-prime vehicle finance company operating in Canada. Privately held, CTL has a strong team of experienced finance professionals focused on building a quality portfolio of consumer finance receivables through a high-touch, personalized lending model.