MINNEAPOLIS — Wolters Kluwer Financial Services revealed recently that another finance company has joined its AppOne platform.

This time, executives from Consumer Portfolio Services made the decision to use AppOne, which can assist with the automation of indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they serve.

CPS is an independent specialty finance company that provides indirect automobile financing.

Wolters Kluwer believes AppOne can provide CPS with another channel for expanding its indirect lending services to independent auto dealers. AppOne's proprietary dealer underwriting and scoring system can help lenders evaluate the level of risk associated with each dealer relationship.

AppOne also can integrate with Wolters Kluwer Financial Services' Bankers Systems vehicle retail installment contracts, which are protected by the company's compliance warranty.

"Our key focus is to help dealers find the most competitive programs and financing options available," explained Robert Riedl, chief investment officer at CPS.

"AppOne supports that goal by helping us connect with more dealers across the country, while helping to alleviate compliance challenges associated with indirect lending," Riedl added.

Lee Domingue, chief executive officer of indirect lending at Wolters Kluwer, indicated, "CPS has built a strong reputation within the auto dealer community.

"We are confident it will be a valuable resource to AppOne's network of independent auto dealers," Domingue concluded.