Marine finance provider adopts new technology

BATON ROUGE, La. — Marine One Acceptance Corporation has joined the Wolters Kluwer Financial Services AppOne marine financing platform, according to a release from Wolters Kluwer.

The AppOne marine financing platform was introduced earlier this year with the same technology and loan documentation services AppOne offers in the auto dealer market. Marine One serves as a full-spectrum financing source for franchise marine dealerships, specializing in approvals for consumers who have blemished credit.

“AppOne helps us connect with more boat dealers, while managing the challenges that accompany processing loan paperwork,” Lance Engstrom, chief credit officer at Marine One Acceptance, said in the release. “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.”

Wolters Kluwer sees the deal as a way to further extend AppOne technology to the marine industry.

“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. “This comes at an ideal time for boat dealers as they focus on decreasing lender funding times during the peak summer selling season.”

To learn more about the AppOne platform, click here.

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