MINNEAPOLIS, Minn — Wolters Kluwer Financial Services recently announced its new indirect lending directory, a listing of lenders that accept and use a dealership’s retail installment contracts to document the financing of automobiles, boats, RVs and powersports vehicles.
The directory lists more than 600 lenders, including national and regional lenders, local banks and credit unions. It was created to help improve indirect lending relationships between dealerships and the lenders they work with. Using the directory, dealers can find lenders who have indirect lending programs and accept Wolters Kluwer Financial Services’ retail installment contracts. Conversely, lenders have the opportunity to promote their indirect lending programs to dealerships within the markets they serve.
“Building and maintaining lending relationships is a crucial component of any dealership’s business, but it can sometimes be difficult,” Jason Marx, vice president and general manager of Mortgage and Indirect Lending at Wolters Kluwer Financial Services, said in a statement. “The directory provides dealers with a tool to simplify that task while also helping lenders promote their indirect lending programs as a means of achieving growth.”
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