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Jul 30, 2009

ILT Offers Wolters Kluwer Financial Services AppOne Technology

AppOne will help ILT's credit union clients connect with auto, marine and RV dealers nationally, enable quicker application response times and complete loan transactions faster with its DocOne document printing engine and validation tool.
BATON ROUGE, La. - July 30, 2009 - Integrated Lending Technologies, LLC (ILT) will integrate Wolters Kluwer Financial Services AppOne technology with its Dealer Indirect Lending and Leasing System™ (DILLS™), a loan origination system for credit unions.

AppOne will help ILT's credit union clients connect with auto, marine and RV dealers nationally, enable quicker application response times and complete loan transactions faster with its DocOne document printing engine and validation tool. Further, DocOne helps to create accurate and complete loan documentation before it reaches a lender for funding consideration. DocOne utilizes Wolters Kluwer Financial Services' industry-exclusive, warranted Bankers System line of documents, and provides data merging and population of these forms through a centralized Web-based delivery source. In addition, AppOne can improve the lender's look-to-book ratios by providing application filtering, which helps lenders to review only the applications that fit their program guidelines.

From the dealer perspective, AppOne's DocOne engine allows dealerships to print lender-specific loan documents from a standard color laser printer onto plain paper at the point of sale and finance in a dealership setting. Consistently providing lenders with accurate and complete loan documentation helps dealers build positive reputations, and helps strengthen their relationships with lenders.

DILLS™, automates and manages the indirect lending process for lenders, from the loan application at the dealership, through automated underwriting, all the way to paperless funding of the loan and downloading the data into the lender's core management system

"The integration of AppOne with DILLS™ will help our credit unions find the loan applications that meet their program's criteria while also making sure that the paperwork is complete, accurate and compliant with state and federal laws," said William C. McGregor, president at Integrated Lending Technologies. "This will help save the credit unions valuable time in the indirect loan process."

"This is a win-win for ILT's credit union network, as well as the dealerships already using the AppOne platform," said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. "We can help credit unions grow their business by connecting with more dealers, while offering dealerships the opportunity to access a wider variety of lenders interested in auto, RV and marine financing."

Integrated Lending Technologies currently works with more than 90 credit unions across the United States.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

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