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News & Events
BATON ROUGE, La. – Apr. 14, 2009
Wells Fargo’s Wachovia Dealer Services Joins Wolters Kluwer Financial Services’
AppOne Platform
BATON ROUGE, La. – Apr. 14, 2009 – AppOne, a part of Wolters Kluwer Financial Services, announced today that
Wachovia Dealer Services, a Wells Fargo Company, has joined the AppOne platform.
AppOne provides risk mitigation, compliance and automotive-related finance technology
to lenders and independent auto dealers throughout the continental United States.
Wachovia Dealer Services, the fifth-largest auto finance company in the nation,
will purchase automotive retail installment contracts from AppOne’s growing network
of independent auto dealers nationwide.
AppOne works with lenders to profitably expand their portfolios and explore strategies
for growth in the independent auto dealer market by offering a number of risk mitigation
and compliance solutions. AppOne helps lenders manage relationships with independent
dealers that typically do not have the same financial, technological and staffing
resources that larger franchise dealerships do to meet compliance standards.
“Our goal is to help independent dealers simplify administrative and compliance
tasks, which ultimately benefits the lender purchasing contracts from these dealers,”
said Lee Domingue, CEO of AppOne. “At the same time, independent dealers gain access
to full credit spectrum financing. We are pleased to add Wachovia Dealer Services
to our platform because expanding our lender network helps ensure dealers can find
financing options that best fit their customers’ needs.” 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 http://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, AppOne®,
GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer
Financial Services is part of Wolters Kluwer, a leading global information services and
publishing company with annual revenues of (2007) €3.4 billion ($4.8 billion) and
approximately 19,500 employees worldwide. Please visit our Web site for more
information.
About Wachovia Dealer Services, Inc.
Wachovia Dealer Services is one of the nation’s largest auto finance companies offering
an integrated dealer solution through regional offices serving 47 states. The organization
provides a broad credit spectrum of lending to the auto industry; commercial, real
estate and floorplan financing; and an array of banking services through Wachovia
Bank. N.A. They offer F&I after-market products and services through Warranty Solutions,
a part of the Wachovia Dealer Services family of companies. Wachovia Dealer Services
is a Wells Fargo Company.
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