SFG Finance Taps 30-Year Veteran to Be Business Development Manager
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ARLINGTON, Texas — SFG Finance, a paper purchaser from buy-here,
pay-here dealers franchised stores, finance companies, banks and credit unions,
this week named a former Trac Lending and Autobytel executive as its new business
development manager.
Taking on the role is Stuart Levin, who will be charged with
expanding SFG's base of sellers in the portfolio acquisition arena as well as
developing flow relationships nationwide.
SFG Finance mentioned Levin brings more than 30 years of
auto finance experience to the company with a "proven record" of developing
relationships across the auto landscape and driving results.
Prior to SFG Finance, Levin worked for 14 years at Trac Lending
most recently as president, with overall responsibility for establishing
subprime auto finance operations.
Prior to that post, Levin served as chief operating officer
at Driveitaway.com where he developed and oversaw an upstream remarketing
program for fleet lease vehicles.
Also Levin previously worked at Autobytel as director of advanced
finance products where he developed an operations plan for the fulfillment
center of a national lender. He also served as the director of Autobytel's Used
Car Program, and was responsible for strategic planning for the Pre-owned Cyber
store.
"Stuart will provide us a broad base of knowledge in the
industry and we are very excited that he is part of our team," stated Robert
Chickowski, SFG Finance's senior vice president and manager of portfolio acquisitions.
"He is a well known and highly regarded marketing expert in
the underserved automotive lending market," Chickowski added.
SFG Finance reiterated that it purchases existing near
prime, subprime and BHPH auto loan portfolios from franchised and independent dealers
as well as finance companies. Portfolio sizes range from $500,000 to $150
million and all portfolios are held on balance sheet and serviced internally.
Executives highlighted their program is geared to be highly
efficient with a seven to 10 day total turnaround from analysis to closing. The
program targets accounts with as little as 30-day seasoning.
Since the inception SFG Finance has actively purchased and
closed portfolios from dealers and finance companies nationwide.
Funding is made possible by SFG's parent bank with the added
advantage of no need to securitize plus a more stable cost of funds.
"SFG Finance offers complete transparency and up-front pricing
based its superior analytics," executives highlighted. "A due diligence team
will evaluate all loans to maximize the selling dealer or finance companies
return without interrupting their existing business, ensuring a seamless
transition."