ARLINGTON, Texas, December 4, 2019
Agora Data and Ignite Consulting Partners took another step together in their working relationship on Monday to help buy-here, pay-here dealers, and other operations that specialize in subprime auto financing.
The companies have entered into an agreement whereby Ignite will provide compliance services in support of Agora’s Certified Member initiative. The companies highlighted the AgoraCertified program can enable BHPH dealers to create a more valuable portfolio by providing the tools and expertise to help “recondition their loans.” AgoraCertified works closely with dealers and their data, assisting them with valuations, the accuracy of data, and best practices regarding loan files.
“Just as it does with your auto inventory, reconditioning your auto loans can significantly increase the value of your entire portfolio,” Agora senior vice president of sales Chris Barry said in a news release. “This service is provided free of charge to Agora members, and Agora does all the work.”
“Our program allows dealers to have their accounts examined to identify patterns and practices that may be holding back portfolio value,” Barry continued. “Sometimes, that involves resolving compliance issues, so we’ve asked Ignite to work with our dealers and us in support of our program.”
This week’s move arrives after Agora and Ignite first collaborated last March on a compliance program to help BHPH dealers and bulk paper sellers.
“We are excited to have the opportunity to bring our compliance acumen to Agora’s national dealer network,” Ignite chief legal and compliance officer Steve Levine said, “Agora’s program is one of a kind and gives dealers access to opportunities they’ve never had before, and we are honored to be asked to play a role.”