MINNEAPOLIS – Wolters Kluwer Financial Services is helping vehicle dealerships connect with lending sources through its new Indirect Lending Directory, a listing of lenders that accept and use the company’s retail installment contracts to document the financing of automobiles, boats, RVs and powersports vehicles.
Wolters Kluwer Financial Services said the directory of more than 600 lenders, including national and regional lenders, local banks and credit unions, was created to help improve indirect lending relationships between dealerships and the lenders they work with.
Using the directory, dealers can easily find lenders who have indirect lending programs and accept Wolters Kluwer Financial Services’ retail installment contracts. Conversely, lenders have the opportunity to promote their indirect lending programs to dealerships within the markets they serve.
“Building and maintaining lending relationships is a crucial component of any dealership’s business, but it can sometimes be difficult,” said Jason Marx, vice president and general manager of Mortgage and Indirect Lending at Wolters Kluwer Financial Services.
“The directory provides dealers with a tool to simplify that task while also helping lenders promote their indirect lending programs as a means of achieving growth.”
Wolters Kluwer Financial Services’ Bankers Systems retail installment contracts help ensure vehicle loan documentation is accurate and compliant. They are maintained by the company’s compliance experts who monitor legislative and regulatory changes affecting the indirect lending finance industry in all U.S. jurisdictions. The contracts are protected by Wolters Kluwer Financial Services’ limited compliance warranty.
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