Minneapolis, MN – Wolters Kluwer Financial Servicesannounced that A&P Financial Services, which focuses on initiating financing for marine and powersports dealerships, has joined the AppOne® platform.
AppOne automates the indirect lending, credit approval and compliance processes for lenders and the vehicle dealerships with which they work. A&P Financial Services will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect its dealer customers with lending sources.
“AppOne helps us make loan origination an easier process for our dealer customers,” said Joe Becerra, general manager at A&P Financial Services. “At the same time, it allows us to build relationships with more lending sources, including those that serve the nonprime market, which is important to many of the dealers we work with.”
“Working with A&P Financial Services, we have the opportunity to help more dealerships in the recreational space ease the challenges associated with regulatory compliance, and subsequently close more sales so they can grow their business,” said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services.
Wolters Kluwer Financial Services’ Indirect Lending business unit offers compliance documentation and customizable tools that address the regulatory requirements of the indirect lending market and help mitigate risk. In addition to AppOne®, other prominent brands include Bankers Systems®, CompliSource and DocOne®.
The company also recently unveiled its Indirect Lending Directory, a listing of lenders that accept and use Wolters Kluwer Financial Services’ retail installment contracts to document the financing of various types of vehicles. The directory of more than 600 lenders was created to help improve indirect lending relationships between dealers and lenders.
For more information, visit www.WoltersKluwerFS.com/Indirect.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARCLogics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.
About A&P Financial Services
A&P Financial Services’ solid reputation within the marine and powersports industry has been built on a foundation of outstanding leadership and “one to one” business contact. With an emphasis in second-chance financing, owner Joe Becerra has been able to offer competitive rates to customers in the South Texas region and beyond. Since 2000, A&P Financial Services has offered a multitude of services and is the dealers’ primary resource for F&I products including, but not limited to: extended service contracts, tire and wheel protection, theft protection, Gap insurance, etc. We make your finance process easier, faster, and profitable.