Wolters Kluwer Financial Services announced that MB Financial Bank is expanding its use of the AppOne platform for its indirect finance program for the personal watercraft and power-sports markets.
AppOne helps to automate the indirect lending, credit approval and compliance processes for lenders and vehicle dealerships.
MB Financial Bank initially joined the AppOne platform last year to help automate and simplify loan processing for motorcycle dealers nationwide.
“No matter what type of vehicles they are selling, dealerships face a number of the same challenges when it comes to compliance and loan documentation,” said Charles Schaefer, first vice president of indirect lending at MB Financial Bank. “As our indirect finance program grows, we look to the AppOne platform to help us expand our reach to personal watercraft and power-sports dealers to better help them address today’s challenges.”