Tag Archive | "Wolters Kluwer Financial Services"

Wolters Kluwer Financial Services Adds F&I Express eContracting To AppOne, Creating Comprehensive Auto Finance Platform For Dealers


Wolters Kluwer Financial Services announced today it has teamed with F&I Express, a leading provider of digital F&I aftermarket product solutions to automotive dealers nationwide, to integrate F&I Express® eContracting with its AppOne indirect loan origination platform. The joint solution creates a comprehensive auto finance platform for dealers to originate compliant auto loans, verify pricing of aftermarket products, including extended warranties and vehicle accessories, and complete the contract process electronically.

Through AppOne, dealers have access to F&I Express eContracting via single sign-on and will see the same user interface and navigation features currently available in their standard F&I Express log-in. All the capabilities of the eContracting solution have been integrated into AppOne to provide automotive dealers a single point of access. From AppOne auto dealers can electronically create compliant auto loan packages, verify the pricing of aftermarket products, and eContract to completion for customers.

“Consumers purchasing a vehicle today, especially the next generation of automotive buyers, expect the buying process to be quick and seamless,” said Brian Reed, President and CEO of F&I Express. “The combination of F&I Express eContracting with AppOne gives auto dealers the tools to meet customers’ buying expectations while simplifying the financing process. The joint solution does this by integrating the verification of aftermarket product pricing and contract development into the loan origination platform.”

AppOne offers automotive dealers a single platform to easily and quickly create compliant loan packages and find financing for customers. Its web-based interface connects directly to dealer management systems (DMS) to automate the transfer of data and the completion of loan applications, or AppOne can be used as a standalone portal for dealers to manually complete loan applications electronically. By making the loan application process electronic, AppOne is able to help auto dealers quickly find a lender partner and secure financing for their customers.

Auto dealers can submit loan packages to multiple lenders for review and approval with a single click from AppOne. They also have access to a network of lenders who are looking to finance automotive, marine, recreational vehicle and other retail installment contracts. The integration of F&I Express eContracting expands AppOne’s auto finance capabilities to give dealers the capability to electronically quote, price and complete contracts for aftermarket products.

“U.S. auto dealers have had a great year,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “To build on this momentum, they will have to manage their growth opportunities against today’s continually evolving regulatory environment. Our alliance with F&I Express gives auto dealers a comprehensive auto finance and compliance platform to grow their business across the entire sales lifecycle, from the vehicle to aftermarket products.”

F&I Express eContracting is accessible through AppOne today to all AppOne auto dealer customers at no additional cost. Marine, power sports and recreational vehicle dealers will receive access to the integrated functionality early next year. More information on AppOne is available here.

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Wolters Kluwer Financial Services Teams with Integrated Dealer Systems


MINNEAPOLIS – Wolters Kluwer Financial Services announced that Integrated Dealer Systems, a provider of dealer management software (DMS) for the recreational vehicle (RV) and marine industries, will integrate the Wolters Kluwer Financial Services’ AppOne® platform with its Astra G2 product.

The integration will help RV and marine dealerships manage the sales and F&I process more efficiently.

AppOne helps to automate the indirect lending, credit approval and compliance processes for vehicle dealerships and lenders. Astra G2’s Sales and F&I module helps dealers seamlessly manage and monitor every step of the sales process from prospect management through the closing.

Through a new AppOne interface in Astra G2, dealers can pull all of the needed financial data already entered into the DMS system to populate credit applications and easily submit them to lenders for approval via AppOne. This eliminates duplicate data entry, helping make the processing of loan applications faster and less error-prone.

Once submitted, dealers can also access and print Wolters Kluwer Financial Services’ state-specific Bankers Systems® loan documents, including retail installment contracts and required ancillary forms, from within AppOne.

The Bankers Systems line of documents is built upon more than 50 years of experience and is protected by Wolters Kluwer Financial Services’ limited compliance warranty.

“This relationship will allow our dealers to save time and simplify both the credit application and contract creation process,” said Grant Farrer, dealer development manager at Integrated Dealer Systems. “At the same time, we can help them connect with lending sources that are using AppOne.”

“By helping more dealerships access AppOne, our lender customers can gain peace of mind knowing that the challenges surrounding document preparation are being addressed before each loan application crosses their desk,” said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services.

“We are excited to work with Integrated Dealer Systems and further our commitment to the recreational lending market.”

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Medallion Bank Joins AppOne Platform


MINNEAPOLIS — Wolters Kluwer Financial Services announced that Medallion Bank has joined its AppOne platform, which automates the indirect lending, credit approval and compliance processes for lenders and the RV and marine dealers with which they work.

“With current economic challenges, dealers need access to more nonprime lenders in particular — even for customers that have good financial standing,” said Jason Marx, vice president and general manager of indirect lending and mortgage at Wolters Kluwer Financial Services. “Working with Medallion Bank supports our goal to provide dealerships with a complete portfolio of lenders to help with the various financing needs of their customers.”

Medallion Bank specializes in financing customers with past credit problems and provides financing to bank-approved marine and RV dealers across the country.

“Not only will AppOne help us simplify our loan approval and origination process, but it will also help us connect with more marine and RV dealers across the country,” said John Haymond, vice president of business development at Medallion Bank. “This is a key benefit for our business as we focus on sustainable growth.”

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VW Credit Chooses Wolters Kluwer Financial Services’


VW Credit, Inc., the financial services arm of Volkswagen Group of America, has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts.

Through this new relationship, VW Credit, Inc. will provide Wolters Kluwer Financial Services’ lease contracts at all Volkswagen, Audi and Bentley dealerships across the United States. The contracts will be used to document leasing agreements with VW, Audi and Bentley customers.

Wolters Kluwer Financial Services’ motor vehicle lease contracts are designed to meet current state and federal requirements on auto leasing, including Regulation M, which requires dealers to provide specific pricing information in lease contracts.

The lease agreements are available for all 51 U.S. jurisdictions and are part of its Bankers Systems line of compliance documents and solutions, which are built on more than 50 years of knowledge and experience.

“Our goal is to offer our customers credit options that best fit their needs, while providing our dealers with tools that allow them to complete each transaction correctly and efficiently,” said Allen Strang, General Counsel, at VW Credit, Inc. “Wolters Kluwer Financial Services’ lease contracts meet both of those needs.”

“Leasing presents a number of variables, which can make its execution more complicated than an auto loan,” said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services.

“Our lease contracts provide peace of mind to all parties involved—the dealer, their lender and their customer—that all disclosures are made, language is easy to understand, and lease agreements are accurate and compliant. We are excited to work with VW Credit, Inc. and make these contracts available to their dealers across the country.”

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Nationwide Acceptance Corporation Joins Wolters Kluwer AppOne Platform


MINNEAPOLIS — Wolters Kluwer Financial Services announced that Nationwide Acceptance Corp. has joined its AppOne lender platform, allowing dealers in all of the markets served by Nationwide to process credit applications electronically directed at Nationwide through the AppOne platform.

“We are very excited to integrate with one of the nation’s premier platforms for dealers to access finance companies,” said Martin Less, president, Nationwide Acceptance. “Being part of the AppOne system will make it easier for dealers to do business with us as we continue our growth and expansion. AppOne has a record of providing excellent service to their dealers, which is something that we strive for daily at Nationwide. We look forward to working with AppOne and servicing dealers on their platform.”

AppOne automates the indirect lending, credit approval and loan documentation compliance processes for lenders and the auto, RV, marine and powersports dealers they work with.

“As consumer demand picks up in the auto market, dealers are in need of lending sources for their customers,” said Jason Marx, vice president and general manager of mortgage and indirect lending at Wolters Kluwer Financial Services. “At the same time, a more aggressive regulatory environment is keeping lenders focused on making sure the dealers they work with are compliant. AppOne addresses both of these needs, helping dealers and lenders develop relationships that fit their business. We are pleased to provide the lending services of Nationwide Acceptance Corporation through our AppOne platform to help meet the needs of auto dealers.”

AppOne’s DocOne document engine and validation tool utilizes Wolters Kluwer Financial Services’ Bankers Systems line of documents, which is protected by Wolters Kluwer Financial Services’ limited compliance warranty.

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Wolters Kluwer Financial Services Unveils Indirect Lending Directory


MINNEAPOLIS – Wolters Kluwer Financial Services is helping vehicle dealerships connect with lending sources through its new Indirect Lending Directory, a listing of lenders that accept and use the company’s retail installment contracts to document the financing of automobiles, boats, RVs and powersports vehicles.

Wolters Kluwer Financial Services said 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 the lenders they work with.

Using the directory, dealers can easily find lenders who have indirect lending programs and accept Wolters Kluwer Financial Services’ retail installment contracts. Conversely, 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,” said Jason Marx, vice president and general manager of Mortgage and Indirect Lending at Wolters Kluwer Financial Services.

“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.”

Wolters Kluwer Financial Services’ Bankers Systems retail installment contracts 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 Financial Services’ limited compliance warranty.

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