30 Aug Medallion Bank joins Wolters Kluwer Financial Services’ AppOne Platform
Today, Wolters Kluwer Financial Services announced that Medallion Bank has joined its AppOne(R) platform. AppOne automates the indirect lending, credit approval and compliance processes for lenders and the RV and marine dealers they work with.
Specializing in financing customers with past credit problems, Medallion Bank, provides financing to bank-approved marine and recreational vehicle (RV) dealers across the United States. AppOne will help Medallion Bank automate credit application processing for those dealers.
John Haymond, VP of Business Development at Medallion Bank said : "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. This is a key benefit for our business as we focus on sustainable growth."
"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."
Wolters Kluwer Financial Services' Indirect Lending business unit offers compliance documentation and customizable tools that address the regulatory requirements of the indirect lending market and help mitigate risk.
In addition to AppOne(R), other prominent brands include Bankers Systems(R), CompliSource and DocOne(R). For more information, visit www.WoltersKluwerFS.com/Indirect.