Full Lifecycle Control of F&I Products

This technical report discusses the challenges lenders face regarding F&I product lifecycle management, specifically during funding, servicing, and cancellation phases. It outlines the risks associated with non-compliant or inaccurate F&I forms that can lead to hidden compliance risks and increased operational strain. The report emphasizes the need for a comprehensive solution, F&I Sentinel, which offers managed originations, servicing, and cancellations to mitigate these challenges. It details how F&I Sentinel ensures product-level verification prior to funding and utilizes automated systems to maintain accurate records throughout the lifecycle of F&I products. Additionally, it addresses the complexities introduced by dealership changes and the importance of establishing accountability at the funding stage. The report concludes with an overview of the positive outcomes lenders can expect from utilizing F&I Sentinel, including reduced compliance risk and improved operational efficiency.