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Bank joins loan-processing platform for dealers

February 23, 2010
Filed under Features

Wolters Kluwer Financial Services announced MB Financial Bank has joined its platform to automate and help simplify loan processing for motorcycle dealers.

MB’s Indirect Finance Program provides retail loan financing and commercial banking services to motorcycle dealers across the United States. The platform, called AppOne, automates the indirect lending process for lenders and dealerships by providing credit application workflow automation, compliance document preparation and information service solutions.

Using AppOne, MB can connect with dealers, accelerate the loan application process and transact loans. AppOne’s DocOne document printing engine and validation tool allows dealers to print loan documents from a standard color laser printer onto plain paper at the point of sale and finance at the dealership location. DocOne also helps ensure loan documentation is accurate and compliant before reaching the lender for funding consideration.

“MB Financial Bank recognizes that our national motorcycle dealer base desires alternative processing options that add quality and value to their business,” said Charles Schaefer, first vice president, Indirect Lending, at MB. “We believe our partnership with AppOne provides dealers that additional value and option while still granting access to our tailored, high-touch customer service.”

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