BATON ROUGE, La. - (Business Wire) AppOne, a part of Wolters Kluwer Financial Services, announced today that Turner Acceptance Corporation, a Chicago-based consumer finance company, joined the network of lenders on the AppOne platform.
Through this new relationship, Turner Acceptance will offer indirect auto financing to AppOne’s dealer customers in Illinois and Indiana. AppOne technology will help Turner continue to build strong dealer relationships while simplifying the challenges associated with auto finance, including loan documentation and compliance.
“One of the biggest challenges lenders face when conducting business with any third party is regulatory compliance risk,” said Jonathon Levin, president and CEO of Turner Acceptance Corporation. “AppOne does the heavy lifting when it comes to managing indirect relationships with dealers, which helps us mitigate that risk. We can be confident that dealers on the AppOne platform have the necessary processes in place to meet industry requirements, provide accurate and compliant loan documentation, and protect against fraud.”
“We are pleased that Turner Acceptance has chosen the AppOne platform to expand its auto indirect line of business by offering independent dealers more finance options,” said Lee Domingue, CEO of AppOne. “This helps dealers address the needs of more customers, which ultimately increases their profitability.”
About Turner Acceptance Corporation
Turner Acceptance Corporation is a consumer finance company that was founded in 1973. Turner Acceptance specializes in both indirect and direct loan financing. The Indirect Financing business works with franchised and independent used car dealers. In addition, the company provides indirect financing to retail merchants. Turner Acceptance’s Direct Finance business provides personal loans direct to customers throughout the Chicagoland area. For more information, visit www.turneracceptance.com.
About AppOne
Based in Baton Rouge, La., AppOne, a part of Wolters Kluwer Financial Services, is an Internet-based company offering a technology solution that connects independent auto dealers with lenders. The AppOne system relies on the company’s proprietary scorecard system, which evaluates each independent dealer to determine the level of risk associated with doing business with that dealer. It also automates the funding process for dealers by printing all documents required to complete the booking of auto loans. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It offers dealers faster financing options for their customers, support services and additional aftermarket fee-based products. For more information on AppOne, visit www.appone.net.
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, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWeb™ and CCH® Wall Street.
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.
Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director, Corporate Communications
jennifer.marso@wolterskluwer.com
or
Angela Peterson, 612-656-7745
Senior Public Relations Specialist
angela.peterson@wolterskluwer.com
