Fidelity National Financial has signed a new agreement with Ford Motor Credit Company for the expanded use of its loan and lease receivables software system.
Fidelity began its relationship with Ford Motor Credit in 1990 by providing automotive finance software and services. In 1998, Fidelity and Ford collaborated to develop the Advanced Lending Solutions – Automotive Finance (ALS-AF) system.
The resulting system enabled Ford to integrate its North American loan and lease legacy systems onto a single platform. The extension renews the North American relationship and has also expanded the scope to include Ford Motor Credit’s loan and lease portfolios in the UK and German markets.
Fidelity’s automotive finance division managing director, David Slider, said, Ford Motor Credit has been an important client for Fidelity and a solid partner in developing and executing successful win-win strategies. This renewed commitment to our relationship is a testament to that success.