fbpx

Merrick Bank Joins Wolters Kluwer Financial Services’ AppOne Platform

Wolters Kluwer Financial Services announced recently that Merrick Bank has joined its AppOne platform. AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they work with.

Wolters Kluwer Financial Services announced recently that Merrick Bank has joined its AppOne platform. AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they work with.

Merrick Bank, a national leader in providing boat, RV and motorcycle loans for customers with past credit problems, works closely with dealers to help them retain valuable customers who have blemishes on their past credit history that may preclude traditional financing. AppOne will initially connect Merrick Bank with Tracker Marine Financial Services’ network of dealerships, with additional dealers and dealer groups being added in subsequent phases.

In addition to automating credit application processing and underwriting, AppOne also integrates Wolters Kluwer Financial Services’ Bankers Systems retail installment contracts, which document the financing of vehicle loans. The contracts are maintained by Wolters Kluwer Financial Services’ compliance experts who monitor legislative and regulatory changes affecting the indirect finance industry in all U.S. jurisdictions. The contracts are protected by the company’s limited compliance warranty.

“AppOne will help us provide a faster response to our dealers and an easier process in completing all the loan documents needed to originate a loan,” said Scott Anderson, vice president, marketing manager for Merrick Bank’s Recreation Lending program.

“In today’s economic climate where many consumers are rebuilding their credit history, dealerships are looking for strong lenders in the nonprime market,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “Adding Merrick Bank to our lender platform will help marine, RV and powersports dealers serve a wider range of customers.”

For more information, visit www.wolterskluwerfs.com/Indirect.

You May Also Like

Peugeot Motorcycles Italia Sentenced to Pay Piaggio Group in Patent Infringement Case

Piaggio continues its fight to protect its products against counterfeiting.

piaggio-peugot

The Piaggio Group said that the Corte di Cassazione, Italy’s supreme court of appeal, had dismissed as inadmissible the appeal filed by Peugeot Motocycles SAS and Peugeot Motocycles Italia against the ruling of the Milan Court of Appeal of Jan. 16, 2023, which upheld the first-instance judgement of the Court of Milan that, with the Peugeot Metropolis, the Peugeot entities had infringed the Italian portion of a Piaggio & C. S.p.A. European patent.

Triumph Motorcycle Dealers Rank 1st for Easy Appointments

Across the powersports industry, one in seven powersports customers failed in an attempt to schedule service.

powersports-ste-trophy
RumbleOn Appoints New Chief Financial Officer

Tiffany Kice brings over 25 years of experience in financial leadership roles for public and private companies.

tiffany-kice-rumbleon
Yuasa Battery Inc. Announces New President, CEO

Rio Okubo, with over 25 years in the battery industry, takes over as the new president and CEO.

yuasa-president
AMA Pro Racing Announces AFT AdventureTrackers Regulations

Adventure bikes are supremely versatile machines, so these rules have been constructed to showcase the inherent capabilities of the bikes when piloted by professionals.

AFT racer

Other Posts

NPA Dallas Hires New Operations Manager

Aaron Greenhaw brings nearly 10 years of experience with NPA and a deep knowledge of the powersports industry.

aaron-greenhaw-npa
Segway Powersports Named Official UTV of UTV Takeover 2K24 Tour

The UTV Takeover 2K24 Tour has three stops in Coos Bay, Oregon; Winchester Bay, Oregon; and Hurricane, Utah.

UTV Takeover
Turn 14 Powersports Makes Strides in Market Entry

An update on key developments in the company’s move into the powersports aftermarket.

turn-14-powersports
OTR Launches New Customer Portal

The new customer portal offers access to OTR’s product range of tires, tubes, wheels and more.

otr-new-customer-portal