MINNEAPOLIS, Minn. — Wolters Kluwer Financial Services announced that it will provide dealerships utilizing its AppOne platform with the ability to NADAguides’ valuation data for boats, recreational vehicles (RVs) and powersports vehicles.
The AppOne platform automates the indirect lending, credit approval and loan documentation compliance processes for lenders and for auto, RV, marine and powersports dealers it works with.
“Lenders want to know that the valuation data they are receiving is accurate and timely,” said Jason Marx, vice president and general manager of mortgage and indirect lending at Wolters Kluwer Financial Services. “Vehicle valuations can fluctuate considerably from month to month based on a number of market forces. Our relationship with NADAguides allows the AppOne platform to provide yet another component of risk mitigation for dealers and lenders.”
Marine, RV and powersports dealers using AppOne will now have the ability to subscribe to NADAguides, eliminating the need to manually look up the valuation of a specific vehicle and allowing them to process loan documentation faster.
“AppOne simplifies indirect lending by helping ensure that loan documentation is accurate and compliant, and streamlining the entire credit approval process,” said Lenny Sims, vice president of operations at NADAguides. “It is the perfect complement to our business, as we strive to maintain the industry standard in vehicle pricing and specifications, and look to help more dealers and lenders access this information.”