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August 25, 2009

ASI Federal Credit Union Opts Wolters Kluwer’s AppOne Platform

A platform that automates the indirect lending, credit approval and compliance processes for lenders and dealerships

By CBR Staff Writer

ASI Federal Credit Union (ASI), a Louisiana-based credit union, has adopted Wolters Kluwer Financial Services’ AppOne platform.

Reportedly, AppOne’s technology, which automates indirect lending, credit approval and compliance processes for lenders and dealerships, will help independent auto dealers connect with ASI online when seeking financing for their customers. Additionally, it provides risk mitigation services and loan documentation to help ASI simplify the auto finance process.

Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services, said: “AppOne focuses on dealer underwriting, risk mitigation, documentation and funding packages so ASI can focus on making sound credit decisions for its business. ”

Bertha Montenegro, senior vice president of Lending at ASI Federal Credit Union, said: “AppOne provides an avenue to expand our services and finance more auto loans for our members while minimizing risk and challenges related to regulatory compliance.

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