Hancock Bank Joins Wolters Kluwer’s Loan Platform
Wolters Kluwer Financial Services announced Monday that 110-year-old Gulf South financial services leader Hancock Bank has joined its AppOne platform, a technology solution that helps connect lenders with automotive dealers.
BATON ROUGE, La. — Wolters Kluwer Financial Services announced Monday that 110-year-old Gulf South financial services leader Hancock Bank has joined its AppOne platform, a technology solution that helps connect lenders with automotive dealers.
With access to AppOne’s network of more than 3,000 auto dealers, Hancock Bank, which has locations in Mississippi, Louisiana, Florida and Alabama , will focus on building relationships with independent auto dealers looking for finance sources within their geographic footprint. Wolters Kluwer will also help Hancock mitigate risk associated with auto lending. AppOne’s proprietary dealer underwriting and scoring system helps lenders determine the level of risk associated with each dealer relationship. Additionally, it provides compliant loan documents and automates the lending process, helping reduce documentation errors.
“AppOne’s technology helps us grow our business, while saving operational dollars and mitigating risk,” said Skip Cotaya, the senior vice president who manages Hancock Bank’s indirect lending division. “Ultimately, this makes it much easier for us to evaluate, book and fund auto loans that fit well with our business and help us be more profitable.”
For dealers using the AppOne platform, the relationship with Hancock provides opportunity to connect their customers with another strong lending source. Hancock Holding Company, parent company of Hancock Bank, was named one of “The Most Trustworthy Companies” in America by Forbes this year.
“Hancock Bank has built a solid reputation in the financial services community, backed by more than a century of experience,” said Lee Domingue, CEO of indirect lending at Wolters Kluwer. “Our relationship with Hancock is great news for AppOne’s independent dealers, who will benefit from having access to another competitive lender in this region of the country.”
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →