Wolters Kluwer Unveils Indirect Lending Directory
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MINNEAPOLIS — Wolters Kluwer Financial Services is looking to help dealerships connect with more lending sources through its new Indirect Lending Directory.
The listing contains lenders that accept and use the company's retail installment contracts to document the financing of automobiles, boats, RVs and powersports units.
Officials explained the directory of more than 600 lenders, including national and regional lenders, local banks and credit unions, was created to help improve indirect lending relationships between dealerships and lenders. Using the directory, dealers can find lenders that have indirect lending programs and accept Wolters Kluwer's retail installment contracts.
Moreover, Wolter Kluwer pointed out lenders have the opportunity to promote their indirect lending programs to dealerships within the markets they serve.
"Building and maintaining lending relationships is a crucial component of any dealership's business, but it can sometimes be difficult," stated Jason Marx, vice president and general manager of mortgage and indirect lending at Wolters Kluwer.
"The directory provides dealers with a tool to simplify that task while also helping lenders promote their indirect lending programs as a means of achieving growth," Marx continued.
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To access the Indirect Lending Directory or sign up to be included in the listing, visit www.WoltersKluwerFS.com/ildirectory.
Wolters Kluwer reiterated that its banker's systems retail installment contracts can help ensure vehicle loan documentation is accurate and compliant. They are maintained by the company's compliance experts who monitor legislative and regulatory changes affecting the indirect lending finance industry in all U.S. jurisdictions.
The contracts are protected by Wolters Kluwer's limited compliance warranty.
Furthermore, officials emphasized Wolters Kluwer's indirect lending business unit offers compliance documentation and customizable tools that can address the regulatory requirements of the indirect lending market and help mitigate risk. Brands include AppOne, Bankers Systems, CompliSource and DocOne.
For more information, visit www.WoltersKluwerFS.com/Indirect.
