First Approval Source LLC, a marine and RV financial services company, has joined the AppOne platform by Wolters Kluwer Financial Services.
AppOne helps automate the credit approval, document preparation and financing processes for lenders and the dealerships they work with, according to Wolters Kluwer. First Approval Source will use AppOne to help prepare loan documents, automate credit application processing and connect its dealer customers with lenders.
“We are committed to helping dealerships provide lending, insurance and extended service contracts to their customers without overhead costs,” said Kurt Backus, president of First Approval Source. “AppOne helps us improve this service to dealers by simplifying each step of the loan documentation and origination process.”
“Working with First Approval Source complements our focus on helping the indirect lending market meet compliance and legal requirements,” said Jason Marx, vice president and general manager of indirect lending and residential lending at Wolters Kluwer. “At the same time, we can help our lender customers connect with another trusted F&I service provider, which can help them build their indirect loan portfolios.”