Recreational Financing Assistance for Dealers

When a dealer submits an application to Rec Loans 360, we immediately contact the customer to start the approval process. Once the welcome call is complete we then verify what their financial goals are. We review their credit information and pre qualify them with a financial lender that would be most suitable. We contact the dealer and the customer both, as soon as we have a credit decision. If the customer wishes to proceed with the loan we will complete all the required closing documents. The customer signs the documents, in most cases via doc u sign, or ensign. Once Rec Loans 360 receives the original documents and all terms have been met for funding the loan properly, we can make an ACH deposit, wire transfer, or overnight a cashier’s check to the dealer. Typically the funding process is completed within two to three business days. The last step is for the dealer to list the lien holder and make sure the unit is titled within 30 days.