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Auto Lending Compliance Solution for Lenders Servicing Independent Auto Dealers
AppOne® is a web-based auto lending compliance solution that enables lenders to profitably underwrite loans through independent auto dealers. AppOne utilizes a proprietary scorecard system that evaluates independent auto dealers’ credit reports, background, criminal history, financial information, business productivity, and additional statistical data.
AppOne Benefits
- Expanded Growth Channels—Gain access to over 2,000 active dealers nationwide.
- Increased Volume—Expand market share quickly as the single point of contact for underwriting and funding.
- Reduced Overhead—Documents are audited throughout the process and edited to meet federal and state regulations.
- Reduced Operational Costs—Print all documents required for each retail contract and gain efficiencies through automation by decreasing the frequency of manual and repetitive transactions.
- Enhanced Portfolio Performance—Including lower delinquency and losses.
- Enhanced Risk Mitigation—Alleviate compliant documentation concerns with Wolters Kluwer Financial Services | Bankers Systems transaction documents and reduce fraud risk through AppOne’s patented RECON dealership scoring system and fraud detection tools and processes.
AppOne Components for Indirect Auto Lenders
- DealerOne™—Automated online dealer setup platform that securely captures dealership application information for processing and underwriting.
- RECON Score—Proprietary dealer underwriting and scoring model that predicts the level of risk associated with a dealer relationship.
- OriginateOne™—Online web-based loan application origination system.
- BureauOne—Secure gateway for credit report access from all three national credit reporting agencies.
- VehicleOne—Online interface for vehicle valuations, vehicle history reports, and other related information.
- RiskOne™—Customizable rules based auto-decision and evaluation engine that allows for automated system approvals.
- ContractOne™—Rules-based electronic forms printing and validation platform.
- FundOne™—Online automated loan disbursement and dealer reserve funding system.
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AppOne provides auto lending compliance solutions to help independent auto dealers and lenders automate indirect lending, credit approvals, and compliance processes.
AppOne-Indirect_Automotive_Lenders.xml
