BATON ROUGE, La.
— Wolters Kluwer Financial
Services announced Monday that Marine One Acceptance Corporation
has joined its AppOne loan financing platform.
AppOne introduced its marine
financing platform earlier this year, applying the same technology and loan
documentation services it offers in the auto dealer market to marine dealers
and lenders. Marine One serves as a full-spectrum financing source for
franchise marine dealerships, specializing in approvals for consumers who have
blemished credit.
AppOne will help Marine One
connect with boat dealers nationally, enable quicker application response times
and complete loan transactions faster with its DocOne document printing engine
and validation tool. DocOne allows dealerships to print loan documents from a
standard color laser printer onto plain paper at the point-of-sale and finance
in a dealership setting. DocOne also helps ensure that loan documentation is
accurate and compliant before reaching the lender for funding consideration.
DocOne utilizes Wolters
Kluwer Financial Services’ Bankers Systems line of documents, which is built
upon more than 50 years of experience and is protected by Wolters Kluwer’s compliance
warranty. DocOne provides data merging and population of these forms through a
centralized Web-based delivery source.
“AppOne helps us connect with
more boat dealers, while managing the challenges that accompany processing loan
paperwork,” said Lance Engstrom, chief credit officer at Marine One Acceptance.
“This helps ensure dealerships are submitting accurate and compliant documents,
which minimizes funding time — a major benefit for the dealer, the lender and
the consumer.”
“Working with Marine One, we
can further extend the AppOne technology to the marine industry and open up
finance opportunities for dealerships,” said Lee Domingue, CEO of indirect lending
at Wolters Kluwer Financial Services. “This comes at an ideal time for boat
dealers as they focus on decreasing lender funding times during the peak summer
selling season.”