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News & Events
MINNEAPOLIS – June 17, 2009
Wolters Kluwer Financial Services Forms New Indirect Lending Business Unit
Aligns all Indirect Lending Compliance Solutions to Expand Company Reach and Meet
Needs of Broader Market
MINNEAPOLIS – June 17, 2009 –
Wolters Kluwer Financial Services announced today that it has formed a new
Indirect Lending business unit to strengthen its commitment, and expand its reach,
across the broader indirect lending market.
Over the past two years, Wolters Kluwer Financial Services has been focused on expanding
its customizable compliance tools, services and partnerships in the indirect lending
space, as well as offering more compliance solutions to marine and RV dealers, and
the lenders that serve them.
The creation of a dedicated Indirect Lending group aligns all of Wolters Kluwer
Financial Services’ indirect lending offerings within one business unit. These offerings
include:
- AppOne – A process patent-pending technology that automates indirect lending, credit
approval and compliance processes for auto, marine and RV dealers and lenders.
- CompliSource – A solution comprised of modules containing comprehensive information
about the current laws and pending legislation related to specific areas of indirect
lending.
- DMSOne – A Web-based dealership management system and portal specifically designed
for independent auto dealers.
- DocOne® – A document printing engine and compliance validation tool that makes the
finance process easier for dealers by providing data merging and population of compliant
forms.
- Electronic and paper contracts – A complete selection of forms and documents that
support the financing of motor vehicles and goods and services, such as watercraft,
recreational vehicles and major appliances.
- RefundOne – A patent-pending, integrated credit application and tax preparation
service tailored to meet the needs of the automotive dealership market.
Wolters Kluwer Financial Services has named Lee Domingue CEO of Indirect Lending.
His team will include Brad Fleener, director of Product Development; Chris Herndon,
Chief Operations Officer; Kevin Kopp, director of Market Management; Param Ramakrishnan,
Chief Technology Officer; and Daniel Willis, Lender Development manager
“There is great need in the indirect lending market for tools that can simplify
the various aspects of regulatory compliance—particularly in the current marketplace
where many businesses are required to do more with less resources,” said Ken Newton,
executive vice president of Banking at Wolters Kluwer Financial Services. “The creation
of this business unit will enable increased focus to deliver the right compliance
and risk management solutions for customers.”
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 (2008) €3.4 billion ($4.9 billion) and
approximately 20,000 employees worldwide. Please visit our Web site for more
information.
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