MINNEAPOLIS — Wolters Kluwer Financial Services recently announced it has added another lender to its AppOne platform.

Broadening its existing relationship with Wolters Kluwer is Grow Financial Federal Credit Union, which will utilize AppOne to offer indirect lending services to a wider base of independent dealers in Florida, where the credit union is based.

Officials indicated that AppOne will also enable Grow Financial — whose headquarters is in Tampa, Fla. — to identify dealers eligible for the lender's services. Grow Financial also plans to improve how it evaluates dealer risk via AppOne's proprietary dealer underwriting and scoring system.

What's more, thanks to the AppOne deal, the credit union and its dealer customers can now tap into the Banker Systems motor vehicle retail installment contracts from Wolters Kluwer. This is provided to all lenders and dealers who are part of AppOne and is designed to assist them in guaranteeing accuracy and compliance when it comes to auto loan documentation.

Officials noted that Grow Financial already uses Wolters Kluwer's electronic forms for compliance purposes for transactions on the mortgage and IRA sides of its business.

"We have worked with Wolters Kluwer Financial Services for many years now and have been impressed with the compliance offerings they provide," stated Clare Early, Grow Financial's vice president of consumer lending.

"As we looked to expand our indirect lending business to more independent auto dealers, it was a natural next step to implement AppOne, which makes the auto loan process more efficient and helps us mitigate risk," she continued.

Lee Domingue, Wolters Kluwer's chief executive officer of indirect lending, added: "We have built a strong relationship with Grow Financial and look forward to helping them serve more members through their auto lending program.

"We are also very pleased to offer dealerships using AppOne the opportunity to connect with Grow Financial for their customers' future lending needs," Lee concluded.