BATON ROUGE, La. – AppOne, a part of Wolters Kluwer Financial Services and Tracker Marine Financial Services, LLC (TMFS), have executed a letter of engagement for TMFS to utilize AppOne’s technology product suite to help simplify the finance process for TMFS and its network of dealerships, AppOne reported in a recent statement.
By applying the same technology and compliant loan documentation services it offers in the auto dealer market, AppOne said it will be able to help TMFS and dealers representing Tracker Marine Group brands – including Bass Pro Shops – automate indirect lending, credit approvals and compliance processes required for booking and funding their boat loans.
“By automating the indirect lending process for Tracker dealers, we will be able to help them turn loans around faster, which ultimately will help them increase their service levels, retain more customers and sell more boats,” said Toni Miller, vice president and chief financial officer at Tracker Marine Financial Services.
“The automotive finance industry can help serve as a model for marine financing when it comes to workflow automation and compliant loan documentation processes,” said Lee Domingue, CEO of AppOne. “By leveraging AppOne’s Web-based technology and compliance expertise, Tracker Marine Financial Services will be able to automate indirect lending and ease its compliance burden, helping strengthen its relationships with dealers and the lenders it does business with.”
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