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“The TurboPass Report is an unique solution in the auto finance ecosystem. It’s something that our dealers have said is a long-time coming. In light of the Coronavirus environment, verifying income, employment, is difficult, yet more important than ever. The fact that ACC, an innovative and important lender to so many used car dealers in America, recommends and accepts TurboPass to clear stips and is now actively promoting its adoption to its thousands of dealers is both exciting for our company and indicative of where the industry is moving”, said Mike Jarman, Co-founder, and CEO of TurboPass Corporation.

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TurboPass is the first universal income validation (Ability to Pay) solution for automotive dealers. It eliminates the hassle and risk associated with document-based verification of income, employment and residence and provides trusted direct (bank & credit union) source data that fulfills lenders’ need for copies of bank statements, proof of income, proof of employment, and other stipulations.

Dealers can now send a simple TEXT to a consumer at the point of sale or during their shopping process to validate “ability” that’s ready in seconds, saving valuable time in the car buying/closing process. Lenders will have “funding” dashboard access to validate dealer initiated reports eliminating the need to send personal identification documents in the funding package. Just send (or transmit) the TurboPass “Code” to the lender.