MINNEAPOLIS — Wolters Kluwer Financial Services announced that Medallion Bank has joined its AppOne platform, which automates the indirect lending, credit approval and compliance processes for lenders and the RV and marine dealers with which they work.
“With current economic challenges, dealers need access to more nonprime lenders in particular — even for customers that have good financial standing,” said Jason Marx, vice president and general manager of indirect lending and mortgage at Wolters Kluwer Financial Services. “Working with Medallion Bank supports our goal to provide dealerships with a complete portfolio of lenders to help with the various financing needs of their customers.”
Medallion Bank specializes in financing customers with past credit problems and provides financing to bank-approved marine and RV dealers across the country.
“Not only will AppOne help us simplify our loan approval and origination process, but it will also help us connect with more marine and RV dealers across the country,” said John Haymond, vice president of business development at Medallion Bank. “This is a key benefit for our business as we focus on sustainable growth.”
For more information, visit www.wolterskluwerfs.com/indirect.