Non-prime Boat, RV & Motorcycle Lender Adopts AppOne Platform
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BATON ROUGE, La. — A lender that provides boat, RV and motorcycle loans for customers with past credit problems recently joined Wolters Kluwer Financial Services' AppOne platform.
Officials explained Merrick Bank works closely with dealers to help them retain valuable customers who have blemishes on their past credit history that may preclude traditional financing. They said AppOne will initially connect Merrick Bank with Tracker Marine Financial Services' network of dealerships.
More dealers and dealer groups are being added in subsequent phases, according to the companies.
"AppOne will help us provide a faster response to our dealers and an easier process in completing all the loan documents needed to originate a loan," noted Scott Anderson, vice president and marketing manager for Merrick Bank's recreation lending program.
Lee Domingue, chief executive officer of indirect lending at Wolters Kluwer Financial Services, stressed that "in today's economic climate where many consumers are rebuilding their credit history, dealerships are looking for strong lenders in the non-prime market.
"Adding Merrick Bank to our lender platform will help marine, RV and powersports dealers serve a wider range of customers," Domingue insisted.
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For more details about its services, visit www.wolterskluwerfs.com/Indirect.