MINNEAPOLIS -

Wolters Kluwer Financial Services recently announced the newest version of its AppOne indirect loan origination platform, designed specifically for automotive, marine, powersports and recreational vehicle dealers.

The company outlined the solution’s enhancements, including self-service capabilities for dealers to help facilitate with financial institutions, integrate third-party applications (such as DMS) and take credit applications securely online.

Brad Fleener, the company’s senior director and general manager of indirect lending believes such a tool helps maintain compliance.

“Increasing regulatory oversight on lenders has heightened the importance for franchise, independent and buy-here-pay-here dealerships to use accurate and compliant loan documents and processing workflows,” Fleener said. “With mistakes resulting in potential financial penalties for lenders and harm to the consumer, dealers need to ensure their loan documents meet regulatory and legal standards to avoid damaging their lender relationships.”

The new version of AppOne includes the following improvements listed by the company:

  • Form management: Provides dealers the capability to easily create lender specific document sets to ensure current versions of the forms are delivered efficiently to the lender every time.
     
  • Lender management: Allows dealers to view and manage their preferred lender lists on a single page, including AppOne network lenders, lenders participating in third party networks and lenders manually added to the platform.
     
  • Third-party application integration: Enables dealers to easily manage the connectivity and transfer of data from dealer management systems, credit bureaus and warranty providers through single click configuration.
     
  • Online credit application: Gives dealers the ability to offer an online credit application on their website and to securely collect consumer credit information directly into AppOne.

For more information on AppOne and its upgrades, click here.