Primeritus Financial Services handed remarketing responsibilities this week to an executive with more than 20 years of industry experience, most of it with a large commercial bank.

The forwarding company that provides recovery management, skip-tracing and remarketing services to the auto finance and insurance industries announced that Jason Herman is senior vice president of remarketing for Primeritus, effective immediately.

In this role, Herman will lead the company’s remarketing and ancillary service operations and will report to Primeritus chief revenue officer Joe Mappes, joining its senior leadership team.

“Jason is a tenured operations executive with a proven track record in managing all aspects of the asset management lifecycle,” Mappes said in a news release. “He brings a substantial amount of expertise on a national level, manages remarketing teams and builds out customized solutions for auto finance institutions. 

“Furthermore, Jason’s deep knowledge and expertise in the financial services industry will be an asset to our company, partners and customers,” Mappes added.

Herman comes to Primeritus with more than two decades of asset remarketing experience from his years with U.S. Bank, where he began in 1999, and advanced to become senior vice president and director of asset remarketing before leaving the bank for Mike Albert Leasing in 2019. 

At Mike Albert Leasing, Herman led the remarketing, residual risk management and manufacturer partnership teams.

“Herman has a track record of driving continuous improvement through process management while generating strong financial results in both bear and bullish used car markets by utilizing technology and a multiple sales channel approach,” Mappes said. “He understands first-hand the serious impact and importance of maximizing a company’s back-end results. These attributes and Herman’s expertise will well serve our current remarketing partners’ best interests and allow us to continue to provide strong results, mitigating potential losses and maximizing any gains, especially for our continued growth trajectory.

“Moreover, Jason is a seasoned leader with an abundance of industry accolades. He is well-known and highly respected in our industry, and we are proud to welcome him to the Primeritus family,” Mappes went on to say.

Herman offered his perspective about joining that family that also includes Roquemore, Find Track Locate, Repo Remarketing, Consolidated Asset Recovery Systems and Global Investigative Services.

“I am excited to join the Primeritus family. As both a previous customer and fellow consignor in the remarketing industry, I have always admired the innovation and expertise that Primeritus provides,” Herman said.

“I look forward to sharing my experiences in the banking, fleet, and financial services industries with the team. By utilizing the ideal remarketing channels to net the best returns for our clients, we can deliver every possible dollar, on every asset, every time,” Herman added.