DDH III Enterprises, LLC can take your dealership to the next level. Let me introduce myself, my name is Dee Hert Owner of DDH III Enterprises and R&R Lending Specialists. 30 years experience in retail financing ( Home mortgages, Manufactured homes, cars and recreational loans). I have learnt many of the short cuts for getting a finance office up ,running and profitable in less than 30 days. Through trial and error I have found the best cost effective programs needed to make the finance department run efficiently and smoothly. I have studied the government programs requirements , Red Flag Compliance, OFAC and Risk base pricing and have written the compliance programs still being used to date for MarineMax (the largest boat retailer) New Coast Financial Services and others. I have trained hundreds of successful finance managers and set up finance offices. All the years I have dealt with the national lenders has built a trust both you and the lenders can count on.
Let my expertise save you time and trouble when it comes time to set up your finance department so you can relax and enjoy the profits. We offer many choices to get you on your way to a more profitable dealership. Just scroll down to the more information button and click.
We can put all the pieces of the finance office together for you:1) Which credit reporting agency to use.
2) What that credit agency will require the office to have in order to be approved and be compliant for Red Flag.
3) What program to use, to do closing docs, give finance reports on profitability.
4) What other options the programs have such as customer and inventory control.
5) What programs allow you to follow the loan from submission to funding.
6) Which programs allows for growth if later you add a second finance office.
7) Which programs will charge for programing your store's paperwork.
8) How best to print closing docs, so they can be emailed out for closing.
9) Which programs allow you to do paperwork for out state buyers.
10) Set up your own Red Flag, OFAC and Risk based pricing programs that will be approved by lenders.
11) Assist you in changing the lenders you currently have from your service company to your store.
12) Assist you in obtaining new lenders to improve your approval ratio.
The finance manager has many responsibilities and we make sure with extensive training that they are up to speed and know which direction to take as needs arise. Training includes:
1) Use of the programs used for pulling credit, submitting deals and creating closing documents.
2) How to read credit bureaus and how scores can be different from one source to another.
3) What to look for on credit bureaus for Red Flag alerts and OFAC alerts.
4) How to handle Red Flag and OFAC issues and keep offices compliant.
5) How to determine auto approvals and advances on loans.
6) The importance of the initial customer interview and key questions to set up back end product sales.
7) Verification of serial numbers, payoffs and ownership of trade-ins.
8) Scheduling closing dates and delivery dates.
9) Closing document disclosure.
10) Figuring sales commissions.
11) Bank funding documents.
12) Create department profit reports.
13) Sale back end products.
14) How to covert cash deals to finance deals.
15) How to read tax returns.
16) How to close people on secondary lenders.
In general how to handle a deal from beginning to end and keep your dealership compliant, legal and profitable.
We will be setting up finance manager training classes, we would like to hear from you to determine the best time of year for the classes and any particular subjects you would like covered.