Wolters Kluwer Financial Services will provide dealerships using its AppOne platform with the ability to easily access NADAguides valuation data for powersports vehicles, boats and RVs.
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.
Powersports, marine, RV and dealers using AppOne will have the ability to subscribe to NADAguides, which allows them immediate access to vehicle valuations as they prepare to submit credit applications to lenders. This eliminates the need for the dealer to manually look up the valuation of a specific vehicle, so they can process loan documentation faster. It also helps eliminate errors that can result from manual processes, which is a key benefit for AppOne’s network of lenders.
“Lenders want to know that the valuation data they are receiving is accurate and timely,” says Jason Marx, VP and GM of mortgage and indirect lending at Wolters Kluwer Financial Services. “Vehicle valuations can fluctuate considerably from month to month based on a number of market forces. Our relationship with NADAguides allows the AppOne platform to provide yet another component of risk mitigation for dealers and lenders.”
The new offering also builds upon NADAguides’ existing relationship with Wolters Kluwer Financial Services, which already provided AppOne’s independent auto dealer network with the ability to access pricing data for used cars.
“AppOne simplifies indirect lending by helping ensure that loan documentation is accurate and compliant, and streamlining the entire credit approval process,” says Lenny Sims, VP of operations at NADAguides. “It is the perfect complement to our business, as we strive to maintain the industry standard in vehicle pricing and specifications, and look to help more dealers and lenders access this information.”
Posted by Holly Wagner
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