Wolters Kluwer Financial Services announced that Merrick Bank joined its AppOne platform.
AppOne automates the indirect lending, credit approval and compliance processes for lenders and the marine, auto and RV dealers they work with.
Merrick, a national leader in providing boat, RV and motorcycle loans for customers with past credit problems, works closely with dealers to help them retain valuable customers who have blemishes on their credit history that might preclude traditional financing.
AppOne initially will connect Merrick Bank with Tracker Marine Financial Services' network of dealerships. Additional dealers and dealer groups will be added in subsequent phases.
"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," said Scott Anderson, vice president and marketing manager for Merrick Bank's recreation lending program, in a statement.