LAS VEGAS -

Western Funding closed the first half of the year with the biggest origination month in company history, fueling plans to grow its footprint and workforce.

Western Funding — a specialized subprime automotive finance company and subsidiary of Westlake Financial Services — reported that it funded 906 deals in June for $11.2 million worth of contracts.

The company tabulated that its portfolio size now stands at $84 million, a 154-percent increase over last year. Western Funding president Guerin Senter highlighted the portfolio continues to outperform expected losses.

“We are excited to announce June as our biggest originations month, as it makes an immediate impact on the growth of our company,” Senter said.

“We attribute this strategic growth to the development of our sales team and expansion into new markets,” he continued.

Western Funding currently operates in 18 states and has a 45-person sales force. The company’s goal is to be operating in all 50 states by the end of 2016.

Western Funding plans on hiring another 30 sales reps by the end of the year, with the majority of those starting in August.

“We’re just starting to gear up our next start-group and embark on the interviewing and recruiting process right now,” Senter said.

Senter emphasized Western Funding’s sustainable growth requires a need for new talent to lead the company into prosperous national growth. Individuals with what the company calls a “purpose and a passion” for the industry and interested in joining the Western Funding team are encouraged to call the company directly at (702) 322-9883.