Used Car News

Wolters Kluwer Financial Services has announced that finance company Consumer Portfolio Services, Inc. (CPS) has joined its AppOne platform.

AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they serve. CPS is an independent specialty finance company that provides indirect automobile financing.

AppOne will provide CPS with another channel for expanding its indirect lending services to independent auto dealers. AppOne’s proprietary dealer underwriting and scoring system helps lenders evaluate the level of risk associated with each dealer relationship. AppOne also integrates Wolters Kluwer Financial Services’ Bankers Systems motor vehicle retail installment contracts, which are protected by the company’s industry-leading compliance warranty.