News & Events


Tuesday, October 09, 2007
Universal Special Auto Finance Joins Wolters Kluwer Financial Services AppOne Platform
BATON ROUGE, LA – AppOne, a part of Wolters Kluwer Financial Services, today announced that Greenwood Village, Colo.-based Universal Special Auto Finance joined the network of lenders on the AppOne platform. AppOne provides risk mitigation, compliance and automotive-related finance technology to lenders and independent auto dealers throughout the continental United States.

Through AppOne, Universal Special Auto Finance will be able to expand its independent dealership customer base while continuing to provide financing alternatives to credit-challenged customers. Universal Special Auto Finance currently operates in 33 states. AppOne will facilitate Universal Special Auto Finance’s plan to expand to all 48 continental U.S. states by mid-year 2008.

“AppOne’s strong risk mitigation and compliance features, such as the RECON score system and automated contracts that include the trusted compliance content of Wolters Kluwer Financial Services’ Bankers Systems product line, make it a tremendously useful tool for us to reach independent dealers nationwide,” said John Scordo, CEO of Universal Special Auto Finance and 30-year veteran of the auto finance industry. “AppOne’s 10-year record of proven experience and service to independents makes it a strategic business partner for Universal Special Auto Finance.”

“Dealers on the AppOne platform have asked us to find lenders who are able to provide financing for their customers who do not have prime credit,” said Lee Domingue, CEO of AppOne, a part of Wolters Kluwer Financial Services. “Adding Universal Special Auto Finance to the platform fills this financing niche for our independent dealers.”

AppOne’s Internet-based financing platform relies on the company’s patented scorecard system, which evaluates each independent dealer to determine the level of risk associated with doing business with that dealer. The platform also automates the funding process by printing all lender-required documents to complete auto loan transactions. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It offers dealers multiple financing options for their customers, support services and additional aftermarket fee-based products.

For more information about AppOne, visit www.appone.net.

About Universal Special Auto Finance
Universal Special Auto Finance (Universal) is a capital management company that provides special finance funding to the automotive dealer market through its SAF SERIES1 lending program. The company’s business model combines its expertise in the special auto finance market with “best of breed” business partners to drive the future of special auto finance and deliver an unprecedented product. Dealers benefit with more control over deal structure; fast, consistent credit decisions; and rapid funding. For more information please contact Universal at (303) 773-4200 or www.universalsaf.com.

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 AppOne®, Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.

Wolters Kluwer Financial Services solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, indirect lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.