Proteris Compliance Solutions provides compliance software and services related to the sale and financing of finance and insurance (F&I) products in the automotive, marine, powersport, and RV industries.
Proteris has software and service offerings for lenders, product providers, and administrators. Proteris’ offerings relate to the following categories of products: guaranteed asset protection (GAP), warranties, vehicle service contracts, prepaid maintenance plans, tire and wheel protection, key replacement, windshield protection, paintless dent repair, excess wear and use waivers, theft protection, surface protection, vehicle protection products, vehicle value protection agreements, and credit life and disability insurance.
When a consumer finances the purchase of a car, boat, ATV, or RV and buys protection products (also known as ancillary products or optional products) as part of the purchase, those products are included in the financing of that car, boat, ATV, or RV. This creates headaches for lenders because they need to ensure the contracts for those protection products comply with the lender’s minimum business requirements and applicable state laws. This process also creates headaches for providers of protection products because they are required to submit their consumer forms for review by each lender from which they want financing.
Proteris Compliance Solutions streamlines the consumer form approval process by acting as an outsourced compliance review of providers’ forms. Lenders that utilize our services can be comfortable knowing that they approve the financing of only those products that meet the highest standards. Providers that utilize our services can streamline the consumer form approval process by seeking the approval of various lenders at the same time through Proteris Compliance Solutions.
We provide the highest level of service to lenders and providers alike, and we use fair and transparent pricing for our software and services. We are available to our lender and provider clients who want to discuss topics such as current regulatory priorities, new and proposed state laws, and industry standards for minimum business requirements or contractual language.
The Proteris Portal leverages a combination of AI, automation, and our team of legal and compliance professionals to streamline consumer form submissions, remove bottlenecks from compliance review processes, verify compliance at the point of origination, and provide end-to-end compliance from originations to cancellations. Simplicity and efficiency are the central tenets of everything we do.
