Lender Compliance Technologies (LCT) has a new resource to guide its way through the world of compliance solutions for managing F&I product refunds.

LCT on Tuesday announced the appointment of Bob Johnson to its board of advisors. The company said Johnson will leverage more than 30 years of experience in the automotive and equipment finance industry to amplify LCT’s impact on the compliance space.

LCT highlighted that its Refund Control cloud platform for banks, credit unions and financial institutions of any size can track and manage F&I product cancellations and refunds.

“We are thrilled to have Bob on LCT’s advisory board to help advance our mission to empower lenders with innovative, compliance-driven technology solutions that streamline F&I product refund processes, mitigate regulatory risk and enhance operational efficiency,”, of LCT CEO Glenn Munro said. “As a seasoned auto finance leader with decades of hands-on experience developing and implementing breakthrough technologies, Bob’s immense knowledge of the auto finance world will help us elevate Refund Control as the go-to platform for lenders to stay compliant and operationally effective.”

Johnson currently serves as executive vice president of auto finance at Odessa, the Philadelphia-based provider of technology solutions for asset finance. Previously, he was managing director at Ernst & Young and held various leadership positions with defi SOLUTIONS and Alfa Financial Software in London.

“I am excited for this opportunity to work alongside the talented team at LCT to explore new opportunities and build momentum for its innovative, lender-managed platform to suit lender needs,” Johnson said. “The simplified technology of Refund Control and the world-class experts at LCT are precisely what lenders require to protect consumers and be audit ready.”