Seeks to Simplify and Enhance Recreational Vehicle Dealer Loan Origination Process
Wolters Kluwer Financial Services today announced that Camping World has joined their AppOne® platform to help simplify the preparation of loan documents, automate credit application processing and connect with lending sources. Camping World is the leading retailer for RVs, camping accessories, RV maintenance and repair in the U.S.
“Joining the AppOne platform will significantly improve our ability to meet the needs of our dealers and help all parties meet compliance and legal requirements while simplifying the end-to-end process.”
“We have a strong focus on helping our dealers meet the challenges presented by regulatory compliance, and addressing risk inherent in providing lending, insurance and extended service contracts to their customers,” said Marcus Lemonis, Camping World CEO. “Joining the AppOne platform will significantly improve our ability to meet the needs of our dealers and help all parties meet compliance and legal requirements while simplifying the end-to-end process.”
AppOne automates and streamlines the indirect lending loan origination processes for lenders and the dealerships they work with. The system helps simplify the preparation of loan documents, automate credit application processing and connect its dealer customers with lending sources, thereby helping ensure regulatory compliance while reducing costs and improving margins.
Camping World will use AppOne for submitting credit applications to multiple lenders. The system automates traditional workflows and processes at the dealership, which helps ensure that lenders receive clean funding packages that meet their guidelines. The system serves both sides of the business because it’s ultimately a key tool in reducing the number of contracts held up for funding.
“We are committed to helping ease the compliance burden for our partners so they can focus on growing their business,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “AppOne can help Camping World build their indirect loan portfolios and ensure a continued focus on their customers.”
Wolters Kluwer Financial Services’ Indirect Lending business monitors pending and enacted legislation that impacts the RV dealer markets. The company’s software and services help both lenders and dealers mitigate risk and ensure new laws and regulations are embedded within their business operations.