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Integrated Lending Technologies offers Wolters Kluwer AppOne

30 July 2009  |  1181 views  |  0 Source: Integrated Lending Technologies

Integrated Lending Technologies (ILT) will integrate Wolters Kluwer Financial Services' AppOne technology with its Dealer Indirect Lending and Leasing System (DILLS), a loan origination system for credit unions.

AppOne will help ILT's credit union clients connect with auto, marine and RV dealers nationally, enable quicker application response times and complete loan transactions faster with its DocOne document printing engine and validation tool. Further, DocOne helps to create accurate and complete loan documentation before it reaches a lender for funding consideration. DocOne utilizes Wolters Kluwer Financial Services' industry-exclusive, warranted Bankers Systems line of documents, and provides data merging and population of these forms through a centralized Web-based delivery source. In addition, AppOne can improve the lender's look-to-book ratios by providing application filtering, which helps lenders to review only the applications that fit their program guidelines.

From the dealer perspective, AppOne's DocOne engine allows dealerships to print lender-specific loan documents from a standard color laser printer onto plain paper at the point of sale and finance in a dealership setting. Consistently providing lenders with accurate and complete loan documentation helps dealers build positive reputations, and helps strengthen their relationships with lenders.

DILLSTM automates and manages the indirect lending process for lenders, from the loan application at the dealership, through automated underwriting, all the way to paperless funding of the loan and downloading the data into the lender's core management system.

"The integration of AppOne with DILLSTM will help our credit unions find the loan applications that meet their program's criteria while also making sure that the paperwork is complete, accurate and compliant with state and federal laws," said William C. McGregor, president at Integrated Lending Technologies. "This will help save the credit unions valuable time in the indirect loan process."

"This is a win-win for ILT's credit union network, as well as the dealerships already using the AppOne platform," said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. "We can help credit unions grow their business by connecting with more dealers, while offering dealerships the opportunity to access a wider variety of lenders interested in auto, RV and marine financing."

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