Wolters Kluwer Financial Services expands NADAguides partnership to marine
August 9, 2011
Filed under Marine Finance
MINNEAPOLIS, Minn. — Wolters Kluwer Financial Services will provide dealerships utilizing its AppOne platform with the ability to easily access NADAguides valuation data for boats, recreational vehicles (RVs) and powersports vehicles.
AppOne automates the indirect lending, credit approval and loan documentation compliance processes for lenders and the auto, RV, marine and powersports dealers they work with.
Marine dealers using AppOne will now have the ability to subscribe to NADAguides, which allows them immediate access to vehicle valuations as they prepare to submit credit applications to lenders. This eliminates the need for the dealer to manually look up the valuation of a specific vehicle, allowing them to process loan documentation faster. It also helps eliminate errors that can result from manual processes, which is a key benefit for AppOne’s network of lenders.
“Lenders want to know that the valuation data they are receiving is accurate and timely,” said Jason Marx, vice president and general manager of Mortgage and Indirect Lending at Wolters Kluwer Financial Services. “Vehicle valuations can fluctuate considerably from month-to-month based on a number of market forces. Our relationship with NADAguides allows the AppOne platform to provide yet another component of risk mitigation for dealers and lenders.”
The new offering also builds upon NADAguides’ existing relationship with Wolters Kluwer Financial Services, which already provided AppOne’s independent auto dealer network with the ability to access pricing data for used cars.