Case Study: Byrider executes $500M in securitizations and accelerates loan processing with eOriginal

Byrider Adopts eContracting, Executes $500M in Securitizations with Digital Contracts

Byrider, a Carmel, Ind.–based used car sales and finance company, needed to streamline its loan application and funding workflow for customers and to go beyond basic e-signature functionality to enable secure asset sales and securitization while housing authoritative contracts in a digital vault.

eOriginal implemented an integrated eContracting platform tied to Byrider’s dealer-management systems and a national bank custodian to manage collateral and the authoritative copy. The solution accelerated loan and sales processes, cut signature-checking and printing/shipping costs, and supported four securitizations totaling about $500M in bonds backed by digital contracts.

Byrider

Michael Onda

Director of Strategic Initiatives