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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.

Spokesperson: Lee Domingue, CEO
Company Headquarters: Baton Rouge, Louisiana
Products: 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
Company Web Site: www.appone.net


Executive Summary
click for high res picture 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.


MEDIA CONTACTS


Jennifer Marso
Director of Corporate Communications for Wolters Kluwer Financial Services
Phone: 612-852-7912
Email: jennifer.marso@wolterskluwer.com

Angela Peterson
Senior Public Relations Specialist Securities, Insurance and Indirect Lending
Phone: 612-656-7745
Email: angela.peterson@wolterskluwer.com

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