By Myril Shaw, Chief Operating Officer, Dealer Profit Services
It is highly likely that most dealers will never interact directly with the National Marine Lenders Association (NMLA), except, perhaps, to occasionally attend an NMLA Workshop. Given this lack of direct connection or contact, why should dealers care about the NMLA at all?
Just
as participation in 20 Groups, the MRAA, and/or the Top 100 program makes for
better dealers, participation in the NMLA makes for better lenders – and dealers
really need to care about that.
The
NMLA spends a lot of time and energy making sure that lenders are completely up
to date on the latest trends and issues in the marine industry. That makes lenders more attentive and
responsive when it comes to dealer needs and requirements.
The
NMLA spends a lot of time and energy ensuring that dealers are fully educated
and ready for all of the current underwriting, collateral valuation, lien
perfection, and other issues that affect dealers daily.
These
efforts make lenders much better partners for dealers and much more able to
communicate both best practices and paths to the greatest success. Dealers should and need to care about that.
Through
the NMLA Lenders come to understand all the current industry standards
regarding both floor plan and consumer financing. That keeps them competitive and
in-market. Through this, they deliver
better results for dealers.
Dealers
win by ensuring that they are working with NMLA affiliated lenders.
What
the NMLA does for dealers is provide educated, competitive, and interested
lenders.
Following
is the first part of the NMLA Value Proposition:
“The National Marine Lenders Association offers significant
value to all marine lenders desiring to be better informed about legislation
that could impact the marine finance industry, have the latest statistics on
marine loan portfolio demographics and performance, and access to the most
experienced professionals in the marine finance industry. The association is
committed to public advocacy to support and protect marine lending, track
national trends in marine lending through its quarterly surveys and annual
member reports, provide education specific to marine lending through both its
annual lenders’ workshop and annual conference, and distribute timely
communication about its industry via the website, newsletter and member alerts.
The NMLA's latest initiative, the Future Marine Industry Professionals program,
will mentor industry members who wish to become involved in the association and
help guide the marine lending community into the next decade and beyond.”
Dealers need to care about working
with the NMLA Lenders, because, ultimately, the NMLA cares about the dealers
through their work with dealers.
Even though dealers and the NMLA may
never engage directly, dealers benefit from NMLA engaged lenders…it is an
in-direct marriage made in heaven.
If you have questions about the
NMLA, and we are a member, we can help.
Contact
us today at info@dealerprofit.com. We will help!
About Dealer Profit
Services
As a premier F&I
Services Provider, Trainer, Consultant, and Comprehensive Compliance Program
supplier, Dealer Profit Services, a member of the Brunswick family, is about
improving a dealer’s F&I profit and then providing the tools to ensure that
profit is protected. As a Service Provider, Dealer Profit Services
provides complete F&I services and delivers industry-leading F&I Profit
Results. As Trainers and Consultants, we help dealers improve their
in-house F&I departments. Through the Comprehensive Compliance
Program, Dealer Profit Services provides an online, on-demand, Compliance
Program with documents, training, and tools to make F&I Compliance a
process that helps protect the dealer against potential risks from compliance
issues. Learn how to use Dealer Profit Services F&I Delivery
Services – Click here. Get your Comprehensive Compliance Program here -
just click. Learn more by
visiting dealerprofit.com, email info@dealerprofit.com, or call (470)
326-0966.
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