Turner Acceptance Corporation Joins Wolters Kluwer Financial Services' AppOne Platform
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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.