Wolters Kluwer Financial Services today announced First Internet Bank, a premier provider of online banking services nationwide, has joined the company’s AppOne indirect loan origination platform.
The AppOne platform will help First Internet Bank streamline and automate its indirect loan application processing and the communications between the bank and its dealers, including the tasks of submitting credit applications, valuing collateral and trade-ins and printing compliant loan contracts and documents. The platform helps ensure lenders receive clean funding packages that meet their guidelines to facilitate regulatory compliance, reduce costs and improve margins.
“Maintaining operational efficiency while mitigating risk will be critical to successfully growing our indirect loan portfolio,” said Kevin Quinn, First Internet Bank SVP Retail Lending. “We believe the AppOne platform will help us achieve this objective and meet our compliance requirements.”
“We are committed to helping lenders and dealerships in the recreational financing marketplace work more efficiently and effectively,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “First Internet Bank has built a solid reputation for serving the needs of dealers and clients, and we are excited to help support their efforts so they can continue to grow safely and profitably.”