Listing Helps Connect Dealerships with
More than 600 Lenders Across the U.S.
MINNEAPOLIS, MN – May 5, 2011 – (Motor Sports Newswire) – Wolters Kluwer Financial Services announced today that it is helping vehicle dealerships connect with lending sources through its new Indirect Lending Directory, a listing of lenders that accept and use the company’s retail installment contracts to document the financing of automobiles, boats, RVs and powersports vehicles.
The directory of more than 600 lenders, including national and regional lenders, local banks and credit unions, was created to help improve indirect lending relationships between dealerships and the lenders they work with. Using the directory, dealers can easily find lenders who have indirect lending programs and accept Wolters Kluwer Financial Services’ retail installment contracts. Conversely, lenders have the opportunity to promote their indirect lending program to dealerships within the markets they serve.
“Building and maintaining lending relationships is a crucial component of any dealership’s business, but it can sometimes be difficult,” said Jason Marx, vice president and general manager of Mortgage and Indirect Lending at Wolters Kluwer Financial Services. “The directory provides dealers with a tool to simplify that task while also helping lenders promote their indirect lending programs as a means of achieving growth.”
Wolters Kluwer Financial Services’ Bankers Systems retail installment contracts help ensure vehicle loan documentation is accurate and compliant. They are maintained by the company’s compliance experts who monitor legislative and regulatory changes affecting the indirect lending finance industry in all U.S. jurisdictions. The contracts are protected by Wolters Kluwer Financial Services’ limited compliance warranty.
To access the Indirect Lending Directory, or sign up to be included in the listing, please visit http://www.wolterskluwerfs.com/ildirectory.
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. Prominent brands include AppOne®, Bankers Systems®, CompliSource and DocOne®. For more information, visit www.WoltersKluwerFS.com/Indirect.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.