MINNEAPOLIS — Wolters Kluwer Financial Services announced that MB Financial Bank is expanding its use of the WKFS AppOne platform as the bank makes its indirect finance program available to the personal watercraft and powersports markets.
The AppOne platform helps to automate indirect lending, credit approval and compliance processes for lenders and vehicle dealerships.
“No matter what type of vehicles they are selling, dealerships face a number of the same challenges when it comes to compliance and loan documentation,” said Charles Schaefer, first vice president of indirect lending for MB Financial Bank. “As our Indirect Finance Program grows, we look to the AppOne platform to help us expand our reach to personal watercraft and powersports dealers to better help them address today’s challenges.”
MB Financial Bank initially joined the AppOne platform last year to help automate and simplify loan processing for motorcycle dealers nationwide. The bank will now use AppOne to connect with personal watercraft and powersports dealers and accelerate the loan application process in those markets.
“Our focus is on helping lenders efficiently source business with dealers, while simplifying the loan documentation process and reducing compliance risk,” said Jason Marx, vice president and general manager of indirect lending and mortgage at WKFS. “MB Financial Bank’s strong indirect lending program makes it a key resource for dealerships using the AppOne platform. We are excited to help support the expansion of MB’s portfolio in the personal watercraft and powersports space.”
For more information, visit ww.wolterskluwerfs.com/indirect.