BATON ROUGE, La. — Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help further expand loan originations in the auto finance market.
AmeriCredit, which has entered into a definitive agreement to be acquired by General Motors, will form the core of a new GM captive financing arm.
AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they work with.
“The AppOne platform allows us to expand loan originations through a network of independent dealers while mitigating certain risks associated with auto lending,” said Kyle Birch, executive vice president of dealer services, at AmeriCredit.
“We value our relationship with AmeriCredit. This is very positive news for our dealer customers, who are continually looking to build relationships with lending sources,” said Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services.