ARLINGTON, Texas — The National Independent Automobile Dealers Association (NIADA) named Wolters Kluwer Financial Services to its National Corporate Partner Program, which helps independent auto dealers connect with trusted providers, services and industry experts.
The NIADA chose Wolters Kluwer Financial Services for the program based on the company’s history of serving the compliance and risk management needs of both dealerships and lenders, said officials. Wolters Kluwer’s Indirect Lending business monitors pending and enacted legislation to help dealers and lenders keep pace with the rapidly changing federal and state regulations and remain in compliance.
The company’s compliance documentation, software and services help both dealers and lenders mitigate risk and ensure new laws and regulations are embedded within their business operations. Currently, more than 700 lenders offering indirect lending programs across the United States use Wolters Kluwer Financial Services’ risk and origination compliance services and accept its retail installment contracts, which are protected by a limited compliance warranty.
“Wolters Kluwer Financial Services is in a unique position to help our dealer members understand and interpret the regulatory landscape,” said Scott D. Lilja, VP of member services with the NIADA. “The company’s intuitive tools and compliant contracts help dealers to improve the lending process and reduce operational risks, which in turn helps them strengthen and grow their business.”
Jason Marx, general manager of indirect and residential lending at Wolters Kluwer Financial Services, added, “We are very pleased to expand our relationship with the NIADA and find ways to help more dealers remain profitable by maintaining good risk and compliance management and building strong relationships with lending sources.”