Baton Rouge, La. AppOne, a part of Wolters Kluwer Financial Services, has announced that Turner Acceptance Corp., a Chicago-based consumer finance company, has joined the network of lenders on the AppOne platform.
Turner Acceptance will now offer indirect auto financing to AppOne’s dealer customers in Illinois and Indiana. AppOne hopes to allow Turner to continue to build strong dealer relationships while simplifying the challenges associated with auto finance, including loan documentation and compliance.
“One of the biggest challenges lenders face when conducting business with any third party is regulatory compliance risk,” said Jonathon Levin, president and CEO of Turner Acceptance Corporation. “AppOne does the heavy lifting when it comes to managing indirect relationships with dealers, which helps us mitigate that risk. We can be confident that dealers on the AppOne platform have the necessary processes in place to meet industry requirements, provide accurate and compliant loan documentation, and protect against fraud.”
“We are pleased that Turner Acceptance has chosen the AppOne platform to expand its auto indirect line of business by offering independent dealers more finance options,” said Lee Domingue, CEO of AppOne. “This helps dealers address the needs of more customers, which ultimately increases their profitability.”