Selling loans has become a routine part of doing business for many auto dealers. An important step of the sale process involves creating a loan data file for distribution that contains a vast amount of personal, non-public data about your customers.
In fact, creating and distributing loan sale data files has become so routine for most that hardly a second thought may be given to how these files are distributed to potential buyers. And that could be a costly mistake.
Understandably, most small shops have neither the need or technical background for installing and maintaining complicated programs like secure FTP servers or encrypted email platforms to use for sharing their data. Those solutions can be very costly, a lot of trouble to support, and overly complicated to use when all you want is a safe and easy way to distribute your loan files. Because of the difficulties involved in setting up these programs, many resort to just sending their data out using regular, non-secure email accounts.
“Before AGORA, your loan information was often circulated in a non-secure manner such as shotgunning it to several buyers at once..”
This is where AGORA can help.
We have developed an easy to use platform that enables you to get your data files quickly and securely, in front of dozens of buyers within seconds. No technical skills required.
Just log into your AGORA account or create one for free at www.agoradata.com and with a few clicks of the mouse, you’ll have placed your loans for sale in a safe and compliant manner. AGORA will do all the heavy lifting by transferring your data through SSL using 2048-bit encryption and store it on our highly secure Cloud servers. All users viewing your data have agreed in advance to a mutual non-disclosure of information.
Before AGORA, your loan information was often circulated in a non-secure manner such as shotgunning it to several buyers at once with no file or email encryption in place. Not only is this method dangerous, in some cases it’s a violation of GLBA. Securing customer's sensitive data is not something that should be taken lightly. At AGORA, we take data security very seriously and have gone to great expense to ensure that our software is not only secure but easy to use
We encourage you to take the hassle, risk and worry out of your next loan sale by giving AGORA a try. It's free to use, and there's no obligation. Visit our website today at www.agoradata.com to sign up to find out how we can further simplify your next sale.
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