FORT WORTH, Texas — This week, Loan Portfolio Servicing —
sister company of the newly rebranded Caprock Auto Remarketing — started its
full-scale launch as a national third-party servicer of subprime automotive
loans.

LPS president Scott France highlighted the company
specializes in helping start-up finance companies and those with small- to
mid-sized portfolios.

"When the last economic downturn hit, I knew it would just
be a matter of time before the capital markets opened back up and players
started to jump back in to the nonprime lending arena. So I formed LPS during
the down market," France explained.

"We wanted to be ready, tested and proven when the money
started flowing again, and startups began looking for an alternative to building
their own brick-and-mortar servicing platform," he emphasized.

"Over the past several years, our belief that the market
would change has come true," he continued. "We've observed that many lenders
and their investors would rather focus on building and expanding their
origination platform, and outsource loan servicing until they grow to a size
where it makes sense to bring servicing in-house."

"As a third-party portfolio management company, we allow the
newer, smaller originators to take advantage of our large infrastructure and
expertise without incurring the high overhead costs of developing their own
platform," France went on to say. 

LPS indicated that it has actively serviced loans since
January of last year and is currently managing approximately $50 million in
auto portfolios. The company used the time since start-up to build its platform
and prove out its business model ahead of today's full-scale launch.

"After almost two years of technology and process
development and implementation, we are confident that our services will enable
finance companies and their investors to maximize portfolio returns. Now the
time has come to introduce LPS to more clients," France said.

The company is welcoming clients who want to leverage LPS'
economies of scale, as well as its decades of experience.

France is an industry veteran with more than 25 years of
loan servicing under his belt at Triad Financial, AmeriCredit and WorldOmni.
The members of his team are also seasoned veterans of the industry, having
worked with France throughout their careers.

Clients of LPS include startup auto finance companies,
banks, credit unions, dealer groups and investors. Each client receives daily
customized reporting as well as real-time access to portfolio performance data.

"We tailor our approach to each client, so it doesn't matter
whether you have five loans a month or 500. Either way, you will receive
responsive service and highly effective servicing," France concluded.