Marine One Acceptance Corporation Joins Wolters Kluwer Financial Services' AppOne Platform

Mon Jul 13, 2009 11:15am EDT
 
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Relationship Helps Connect Marine Dealers with New Lending Source as Peak Boat
Selling Season Gets Underway
BATON ROUGE, La.--(Business Wire)--
Wolters Kluwer Financial Services announced today that Marine One Acceptance
Corporation has joined its AppOne marine financing platform, which helps boat
dealers and lenders simplify the boat finance process. 

AppOne introduced its marine financing platform earlier this year, applying the
same technology and loan documentation services it offers in the auto dealer
market to marine dealers and lenders. Marine One serves as a full-spectrum
financing source for franchise marine dealerships, specializing in approvals for
consumers who have blemished credit. 

AppOne will help Marine One connect with boat dealers nationally, enable quicker
application response times and complete loan transactions faster with its DocOne
document printing engine and validation tool. DocOne allows dealerships to print
loan documents from a standard color laser printer onto plain paper at the point
of sale and finance in a dealership setting. DocOne also helps ensure that loan
documentation is accurate and compliant before reaching the lender for funding
consideration. DocOne utilizes Wolters Kluwer Financial Services` Bankers
Systems line of documents, which is built upon more than 50 years of experience
and is protected by Wolters Kluwer Financial Services` industry-leading
compliance warranty. DocOne provides data merging and population of these forms
through a centralized Web-based delivery source. 

"AppOne helps us connect with more boat dealers, while managing the challenges
that accompany processing loan paperwork," said Lance Engstrom, chief credit
officer at Marine One Acceptance. "This helps ensure dealerships are submitting
accurate and compliant documents, which minimizes funding time-a major benefit
for the dealer, the lender and the consumer." 

"Working with Marine One, we can further extend the AppOne technology to the
marine industry and open up finance opportunities for dealerships," said Lee
Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. "This
comes at an ideal time for boat dealers as they focus on decreasing lender
funding times during the peak summer selling season." 

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content,
and technology solutions and services that help financial organizations manage
risk and improve efficiency and effectiveness across their enterprise. The
organization`s prominent brands include Bankers Systems, VMP Mortgage Solutions,
PCi, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms.
Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global
information services and publishing company with annual revenues of (2008) €3.4
billion ($4.9 billion) and approximately 20,000 employees worldwide. Please
visit our Web site for more information. 

About Marine One Acceptance Corporation
Marine One Acceptance Corporation is a leading recreational products finance
company based in Dallas, Texas with over $225 million in loan originations since
operations began in 1995. It is our goal to assist marine and other recreational
product dealerships increase their sales by providing loans to customers
conventional lenders will not. Our highly experienced, knowledgeable and helpful
in-house and regional staff ensures that we meet this goal year-in and year-out.
Please visit our Web site for more information: www.marineone.com. 





Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director, Corporate Communications
jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
or
Angela Peterson, 612-656-7745
Senior Public Relations Specialist
angela.peterson@wolterskluwer.com
On Twitter: @AngiePeterson 

Copyright Business Wire 2009

 

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