Wolters Kluwer Financial Services has announced that Mississippi-based Hancock Bank, a subsidiary of Hancock Holding Company, has joined its AppOne platform, a technology solution that helps connect lenders with automotive dealers and simplify the loan process.
Wolters Kluwer states that AppOne’s will build relationships with independent auto dealers looking for finance sources within their geography. In return, it helps Hancock to mitigate risk associated with auto lending.
Wolters Kluwer further says that AppOne’s proprietary dealer underwriting and scoring system helps lenders determine the level of risk associated with each dealer relationship and provides compliant loan documents and automates the lending process.
Skip Cotaya, Senior Vice President of Indirect Lending Division at Hancock Bank, said: “AppOne’s technology helps us grow our business, while saving operational dollars and mitigating risk. Ultimately, this makes it much easier for us to evaluate, book and fund auto loans that fit well with our business and help us be more profitable.”
Wolters Kluwer Financial Services is a provider of content, compliance, technology, and services to banking, indirect lending, insurance, mortgage, and securities organizations in the United States.
