Commerce Bank, a subsidiary of Commerce Bancshares, has signed an agreement to participate on DealerTrack Holdings’ online specialty financing platform.
Once implemented, recreational vehicle and marine dealers nationwide can use the DealerTrack specialty solutions platform to electronically submit consumer loan applications as well as complete the loan contracts with Commerce Bank.
Leonard Metzger, Commerce Bank’s senior vice president of dealer financial services, said: Commerce Bank maintains a significant presence in the recreational lending industry, and we value the relationships we have with our dealers. Commerce Bank’s partnership with DealerTrack goes back many years in the auto industry and I’m excited that we’ll now have the ability to offer this technology to our dealers in the RV and marine industries. The reality is that consumers expect and demand that the loan process be handled quickly and efficiently. DealerTrack’s platform will help Commerce Bank meet both our dealers’ and customers’ needs.