Marine One Acceptance Corporation Joins Wolters Kluwer’s Loan Platform

BATON ROUGE, La. — Wolters Kluwer Financial Services announced Monday that Marine One Acceptance Corporation has joined its AppOne loan financing platform.

AppOne introduced its marine financing platform earlier this year, applying the same technology and loan documentation services it offers in the auto dealer market to marine dealers and lenders. Marine One serves as a full-spectrum financing source for franchise marine dealerships, specializing in approvals for consumers who have blemished credit.

AppOne will help Marine One connect with boat dealers nationally, enable quicker application response times and complete loan transactions faster with its DocOne document printing engine and validation tool. DocOne allows dealerships to print loan documents from a standard color laser printer onto plain paper at the point-of-sale and finance in a dealership setting. DocOne also helps ensure that loan documentation is accurate and compliant before reaching the lender for funding consideration.

DocOne utilizes Wolters Kluwer Financial Services’ Bankers Systems line of documents, which is built upon more than 50 years of experience and is protected by Wolters Kluwer’s compliance warranty. DocOne provides data merging and population of these forms through a centralized Web-based delivery source.

“AppOne helps us connect with more boat dealers, while managing the challenges that accompany processing loan paperwork,” said Lance Engstrom, chief credit officer at Marine One Acceptance. “This helps ensure dealerships are submitting accurate and compliant documents, which minimizes funding time — a major benefit for the dealer, the lender and the consumer.”

“Working with Marine One, we can further extend the AppOne technology to the marine industry and open up finance opportunities for dealerships,” said Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services. “This comes at an ideal time for boat dealers as they focus on decreasing lender funding times during the peak summer selling season.”