Our Customers

Nissan Motor Acceptance Corporation

Nissan Motor Acceptance Corporation (NMAC), including its Infiniti Financial Services (IFS) division, is the automotive financial services arm of Nissan North America. Established in 1982, NMAC’s primary emphasis is to purchase from its Nissan and Infiniti dealers retail and lease contracts for their customers, and it provides wholesale inventory and capital and mortgage loan financing to Nissan and Infiniti dealers. From its Customer Center in Dallas, Texas, NMAC serves 1,250 US Nissan and Infiniti dealers.

Requirements

When NMAC’s move to electronic contracts had reached a 55% adoption rate, NMAC decided to move to a private label version of one of the largest public auto financing solutions that used eOrignal’s electronic signing solution. They selected eOriginal for their version as well, but wanted to further develop the securitization of electronic automotive finance contracts without any concern that the valuation would be diminished by the use of electronic signatures.

Solution

They wanted to build on their successful experience with eOriginal but they also required a partner that had the technical architecture, intellectual property and in-depth industry knowledge to effect a significant industry change. eOriginal delivered on the promise by working with outside counsel of Standard & Poor’s and securities lawyers to craft the legal description of the electronic process so that securitized pools of loans could be accepted by the rating agencies at the same valuation as paper contracts.

Results

• All Nissan eContract loans are eligible to receive an optimum rating during secondary market securitization.
• eOriginal SmartSign APIs tightly integrate an electronic signature and transaction management process for their eContracts, and supporting documentation to enable fully electronic and legally compliant straight-through processing.
• eOriginal is the only technology provider for eContracts securitized in the secondary markets and accepted by rating agencies in the automotive and lease industries for the fulfillment of the transferable records Authoritative Copy statutory requirements.