Wolters Kluwer Financial Services Expands Relationship with First Advantage CREDCO
BATON ROUGE, La.--Wolters Kluwer Financial Services has expanded its relationship with First Advantage CREDCO, a leading provider of automotive specialty credit reporting solutions, to provide credit reports to marine, recreational vehicle (RV), motorcycle and powersports dealerships directly through its AppOne platform. AppOne helps automate the indirect lending process for lenders and dealers by providing credit application workflow automation and compliant document preparation.
“Seamless integration with the expanded AppOne platform means that a broader range of dealers can get fast, convenient access to the credit information they need to help streamline their overall F&I and sales process.”
First Advantage CREDCO’s seamless integration with AppOne means that a broader range of dealerships can now quickly and conveniently access credit reports required to assess customer credit capacity and lender program eligibility guidelines prior to submitting loan applications to one or more lenders for credit approval and underwriting.
First Advantage CREDCO’s credit reports had previously been integrated with AppOne’s platform for independent auto dealers. The companies’ expanded relationship allows First Advantage CREDCO to reach more dealers in the non-automobile market segment.
“We’re pleased to support AppOne as they expand their product and service offerings to serve the marine, RV, motorcycle and powersports dealer markets,�?? said Kevin Clements, senior vice president of corporate development for First Advantage CREDCO. “Seamless integration with the expanded AppOne platform means that a broader range of dealers can get fast, convenient access to the credit information they need to help streamline their overall F&I and sales process.�??
“We are helping dealers simplify compliance and increase efficiency by providing the tools they need in one central location,�?? said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “Working with First Advantage CREDCO, we can help dealers to complete accurate and compliant documentation, while helping them connect with lending sources that are a good fit for their 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 market-leading global information services company focused on professionals with annual revenues (2009) of €3.4 billion ($4.8 billion), approximately 19,300 employees worldwide and operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Visit our website, YouTube or follow @Wolters_Kluwer on Twitter for more information about our market positions, customers, brands, and organization.
About First Advantage CREDCO
First Advantage CREDCO, a wholly owned subsidiary of The First American Corporation , processes tens of millions of consumer transactions annually and is the leading provider of specialty credit reports and services to the automotive, recreational vehicle and marine industries. Additionally, First Advantage CREDCO provides these industries with comprehensive consumer data including demographic and identity verification solutions. More information about the company is available at www.CREDCOservices.com.
About First American
The First American Corporation is a FORTUNE 500® company that traces its history to 1889. With total revenues of approximately $6.0 billion in 2009, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.