Monday, April 16, 2007

Commerce Selects Solex for Online Lending Solution

Online lending facilitator Solex will outsource its technology to Kansas City-based Commerce Bank, Solex announced Monday. The financial firm will use Solex to streamline its loan process with RV and marine industry dealers. Commerce's vice president of dealer financial services said his office chose Solex because its technology is automated, ensures compliance and will give dealers a reason to come to Commerce for RV and marine loans. Commerce Bank is the principal subsidiary of Commerce Bancshares Inc., a regional company with some $15.2 billion in holdings. Solex is headquartered in Idaho Falls, Idaho.