KING OF PRUSSIA, Pa. — Sagent Lending Technologies has announced the integration of Manheim Market Report into its suite of Business Process Outsourcing solutions for its remarketing operations. With this integration, Sagent can now leverage MMR as a key input into its proprietary pricing algorithms, enabling it to more accurately and competitively price vehicles, executives said.
“While our resale values were already above industry averages, this integration to MMR allows us to further improve our performance, ensuring that lenders are getting increasingly greater resale results from their inventory,” said Stephen Bissett, Sagent’s vice president of client services. “Continual and meaningful data integrations are something that our clients have come to expect from Sagent over the years, and those integrations are something that we’re more than happy to deliver upon.”
The Manheim Market Report is a pricing tool designed to utilize recent, actual sales transactions to allows users to find the most up-to-date wholesale vehicle valuation. Sagent remarketing specialists, using MMR, can search with a full VIN number or just the first 10 digits of a VIN number. They can also search using qualifiers such as the year, make, model, and style of a vehicle.
“Manheim and Sagent have been long-time partners, and this integration is indicative of our common goals,” said Sarah Bannister, director at Manheim. “Greater pricing accuracy leads to stronger performance and results, something that we both aim to deliver for our clients.”
About Sagent Lending Technologies
Sagent Lending Technologies improves the lending experience for everyone. The company’s suite of comprehensive origination, servicing, and processing offerings come together to deliver flexible, scalable, and configurable solutions that deliver on the brand commitments of our clients. With Sagent’s solutions, lenders and servicers can delight borrowers, increase efficiency, and improve agility in an ever-changing compliance environment. Sagent is a joint venture that combines Fiserv Inc.’s decades of market-leading lending expertise with Warburg Pincus’ skill in growing technology companies. Visit www.sagentlending.com to learn more.
About Manheim (www.manheim.com)
Manheim® is North America’s leading provider of end-to-end wholesale solutions that help dealer and commercial clients increase profits in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for inventory management, buying and selling, floor planning, logistics, assurance and reconditioning. With its omni-channel approach, Manheim Marketplace enables wholesale vehicle clients more efficient ways to connect and transact business how and when they want. Approximately 18,000 team members help Manheim offer 8 million used vehicles annually, facilitating transactions representing nearly $58 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit press.manheim.com.
Learn how to use The Manheim Market Report to accurately value vehicles based on precise, comprehensive pricing data. HERE!
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