Credit Union Acceptance Co. (CUAC), a credit union service organization that represents 130 credit unions, will now offer Wolters Kluwer Financial Services’ AppOne platform to its network of marine, powersports and RV dealerships, according to a news release.
This announcement builds on Wolters Kluwer Financial Services existing relationship with CUAC, which joined the AppOne platform last year to expand originations in the independent auto dealer market. AppOne technology helps lenders and dealers automate indirect lending processes, including loan documentation generation, and provides a suite of compliance and risk mitigation services.
“Expanding our relationship with AppOne allows us to offer our network of marine, powersports and RV dealers access to a centralized origination platform to connect with our member credit unions,” said Kurt Howard, executive vice president at CUAC.
“One of the main concerns and challenges among dealers right now is funding customer loans,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “By offering our marine and RV platform across the country, CUAC can help dealers using AppOne access more credit union financing options for their customers.”
For more information about the Indirect Lending business unit at Wolters Kluwer Financial Services, visit www.wolterskluwerfs.com/ilsolutions.
Founded in 1998, Credit Union Acceptance Co. is headquartered in Houston and was formed to assist credit unions with member auto loan retention and new member loan acquisitions. CUAC currently facilitates indirect lending services in 10 states with 130 credit unions.