Water News

Marine Coast Financial joins Wolters Kluwer Financial Services’ AppOne platform

Wolters Kluwer Financial Services announced today that Marine Coast Financial, which initiates financing for marine dealerships in the western United States, has joined the AppOne platform.

AppOne helps to automate the indirect lending, credit approval and compliance processes for lenders and the dealerships they work with. Marine Coast Financial will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect its dealer customers with lending sources.

“With the current economic climate, we are continually looking for ways to help dealerships find the most affordable financing options for their customers and alleviate the burdens of complicated F&I functions,” said Michelle Folsom, president at Marine Coast Financial. “By simplifying the loan origination process and helping us build relationships with more lenders, AppOne is a valuable tool in maintaining this goal.”

“This new relationship is yet another example of our continued commitment to helping lenders and dealerships in the marine and recreational space ease compliance-related challenges and grow their business,” said Jason Marx, vice president and general manager of Indirect Lending and Residential Lending at Wolters Kluwer Financial Services. “We are excited to work with Marine Coast Financial, which has a strong reputation for its dedication to the boating industry.”

Wolters Kluwer Financial Services’ Indirect Lending business monitors pending and enacted legislation that impacts the marine, auto and RV finance and dealer markets. The company’s compliance documentation, software and services help both lenders and dealers mitigate risk and ensure new laws and regulations are embedded within their business operations. Prominent brands include AppOne, Bankers Systems and CompliSource.

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