ALPHEN AAN DEN RIJN, Netherlands — Wolters Kluwer Financial Services announced Merrick Bank has joined its AppOne platform, in a recent press release from Wolters Kluwer Financial Services.
AppOne automates the indirect lending, credit approval, and compliance processes for lenders and dealers. The program integrates Wolters Kluwer Financial Services’ Bankers Systems retail installment contracts, which document the financing of vehicle loans.
Merrick Bank, a provider of boat, RV, and motorcycle loans for customers with past credit problems, works closely with dealers to help them retain valuable customers who have blemishes on their past credit history. AppOne will connect Merrick Bank with Tracker Marine Financial Services’ network of dealerships, with additional dealers and dealer groups being added in subsequent phases.
“AppOne will help us provide a faster response to our dealers and an easier process in completing all the loan documents needed to originate a loan,” said Scott Anderson, vice president and marketing manager for Merrick Bank’s Recreation Lending program, in the release.
“In today’s economic climate where many consumers are rebuilding their credit history, dealerships are looking for strong lenders in the nonprime market,” added Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “Adding Merrick Bank to our lender platform will help marine, RV and powersports dealers serve a wider range of customers.”
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