MB Financial Bank is expanding its use of the Wolters Kluwer Financial Services AppOne platform as it makes its Indirect Finance Program available to the personal watercraft and powersports markets.
"No matter what type of vehicles they are selling, dealerships face a number of the same challenges when it comes to compliance and loan documentation," said Charles Schaefer, first VP, Indirect Lending, at MB Financial Bank. "As our indirect finance program grows, we look to the AppOne platform to help us expand our reach to personal watercraft and powersports dealers to better help them address today's challenges."
AppOne is designed to help automate the indirect lending, credit approval and compliance processes for lenders and vehicle dealerships. MB Financial Bank initially joined the AppOne platform last year to help automate and simplify loan processing for motorcycle dealers nationwide. The bank will now use AppOne with personal watercraft and powersports dealers to accelerate the loan application process in those markets.
"Our focus is on helping lenders efficiently source business with dealers, while simplifying the loan documentation process and reducing compliance risk," said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services. "MB Financial Bank's strong indirect lending program makes it a key resource for dealerships using the AppOne platform."
More information is available at www.WoltersKluwerFS.com/Indirect.
Posted by Holly Wagner
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