2014

RouteOne Announces Integration With AppOne - Integration provides independent auto dealers with additional financing

sources -



    FARMINGTON HILLS, Mich., Oct. 16 /PRNewswire/ -- RouteOne announced it
 has signed an agreement with AppOne, a provider of Internet-based risk
 mitigation and financial technology to banks, finance companies, credit
 unions and independent auto dealers throughout the continental United
 States, enabling RouteOne's finance sources to use their existing
 connections to conduct business with the independent auto dealers on the
 AppOne platform.
     The integration enables the finance sources on RouteOne's system to
 join the AppOne platform and begin receiving auto loan applications from
 AppOne's rapidly expanding nation-wide network of independent auto dealers.
 Traditionally, RouteOne's technology enables franchised dealerships to
 communicate credit application and credit decision information to a network
 of finance sources. Approximately two-thirds of the nation's auto dealers
 are independents and this alliance enables RouteOne's finance source base
 to expand into the underserved independent market.
     "Through exposure to the AppOne platform and independent dealer base,
 the finance sources participating on our network can gain volume and
 additional revenue from an underserved market while incurring only minimum
 integration costs," said Mike Jurecki, CEO of RouteOne. "The AppOne
 platform is tailored to the unique needs of independent dealers as well as
 those of our finance source partners who conduct business in this arena."
 Jurecki also added, "Our strategy of partnering with best-in-class
 providers in the independent dealer community accomplishes our objective of
 offering maximum value and choice to our finance source partners, while
 allowing RouteOne to focus on servicing the needs of our franchised dealer
 customers."
     AppOne's RECON scoring system establishes a rating on each
 participating independent auto dealer using a variety of statistical and
 financial data on both a dealer's business and management staff. This
 rating is used by AppOne to approve and monitor the dealer's performance
 and compliance, protecting the finance sources on the network, while
 providing the dealers with lending sources that give their customers
 competitive offerings
     "The alliance gives lenders the ability to join our platform without a
 separate integration project, and enables our dealers to provide more
 financing options to their customers, increasing their competitiveness in
 the market," said Lee Domingue, CEO of AppOne. "We in turn provide
 RouteOne's lenders the safety of conducting business with independent auto
 dealers who are underwritten and reviewed annually through our
 comprehensive RECON scoring system."
     About AppOne
     Based in Baton Rouge, La., AppOne is an Internet-based company offering
 its AppOne solution that connects independent auto dealers with lenders
 since 2000. The AppOne system relies on the company's proprietary scorecard
 system, which evaluates an independent dealer to determine the level of
 risk associated with doing business with that dealer. AppOne provides
 lenders with a new channel of growth and field representation directly to
 independent auto dealers nationwide. It also offers independent auto
 dealers faster financing options for their own customers as well as support
 services and additional fee-based products. For more information on AppOne,
 visit the company's Web site at www.appone.net.
     About RouteOne
     Established in April, 2002, RouteOne LLC is a joint venture formed by
 DaimlerChrysler Financial Services, Ford Motor Credit Company, GMAC, and
 Toyota Financial Services to deliver vastly improved efficiencies in the
 credit application process for automobile dealers, their customers, and
 participating finance institutions. The joint venture has developed a web-
 based system that will enable dealers and all their finance sources,
 including banks and other financial institutions, to manage the credit
 application and consumer financing process online. More information is
 available at www.routeone.com.
     Dan Barnhardt                        Chuck Meyers
     Media contact for AppOne             Media contact for AppOne
     (678) 781-7216                       (678) 781-7204
 
 

SOURCE RouteOne

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