Press Kit
Corporate Overview
Founded in 1997, AppOne is a financial technology provider that operates an online
auto finance exchange that connects independent automobile dealers with lenders.
The AppOne solution provides lenders with access to the underserved marketplace
of independent auto dealers. By leveraging AppOne’s proprietary technology and risk
controls, lenders are able to effectively manage the risk associated with servicing
the independent auto dealer market.
One of the primary successes behind AppOne has been the deployment of the company’s
DealerOne, a proprietary dealer underwriting platform. DealerOne uses AppOne’s RECON
Score to assign an empirical measurement to every dealer based on the level of risk
associated with doing business with that dealership.
The AppOne system offers independent auto dealers access to prime, non-prime and
sub-prime lenders through its online, Web-based system. Additionally, the company
also offers dealers with a dealer management system that streamlines all facets
of operations for an independent used car dealership.
For more information about AppOne, visit the company’s Web site at
www.appone.net.
Fact Sheet
AppOne is a technology and services provider offering lenders a system that manages
the risk of underwriting loans through independent auto dealers. The company also
offers independent auto dealers faster financing options for their own customers
as well as support services and additional fee-based products.
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Spokesperson:
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Lee Domingue, CEO
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Company Headquarters:
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Baton Rouge, Louisiana
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Products:
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AppOne - an Internet-based solution that enables lenders to profitably underwrite
loans through independent auto dealers. AppOne utilizes a proprietary scorecard
system that evaluates individual dealers’ credit reports, background, criminal history,
financial information, business productivity and additional statistical data.
Components of the AppOne system include:
- DealerOne – dealer underwriting system
- OriginateOne – loan application origination system
- ContractOne – contracting and laser funding package printing system
- FundOne – automated loan disbursement and dealer reserve funding system
- SterlingWare – software management system
- Other services – dealer audits, lien protection, and portfolio analysis
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Company Web Site:
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www.appone.net
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Executive Summary
In 1997, Lee Domingue founded AppOne, a provider of risk management software and
services to lenders underwriting loans through independent auto dealers. Currently,
he is the company’s CEO, responsible for developing and implementing the company’s
strategic vision and providing overall supervision of the company’s operations.
Previously, Domingue also founded Auto Finance Technologies, which co-developed
the AppOne financing portal, and Grayson Interests, an investment firm with holdings
in acute care hospitals, pharmacies, real estate and other health-related investments.
In addition, he is a partner in SLC Energy, which invests and engages in oil and
gas exploration in North America.
Domingue is the director of Omni Bank of Baton Rouge as well as a member
of the Louisiana Automobile Dealers Association, National Independent Automobile
Dealers Association and the National Automotive Finance Association. He also served
as a Member of the Louisiana Motor Vehicle Commission.