Secure Collateral Management (SCM) hired a new vice president of business development this week, welcoming a veteran executive who served in a similar capacity within the skip-tracing and repossession management solutions industry.

Joining SCM’s executive team is Sam Van Scoyoc, who was vice president of sales and client services for nine years at MBSi.

SCM said Van Scoyoc will lead sales, business development and client services, focusing on expanding SCM’s skip-tracing and front-end repossession services as well as developing new client partnerships through leveraging his years of industry experience.

“I’m extremely excited to bring Sam to SCM to help us grow our industry leading services and expand our existing client relationships,” SCM president and chief executive officer Joseph Farley said in a news release.

“I’ve known Sam for over a decade; he brings with him over 25 years of business development experience in an extremely competitive financial services industry. Over that length of time Sam has consistently delivered value-added services and solutions that have exceeded his clients’ expectations. We’re blessed to now call Sam family at SCM,” Farley said.

SCM highlighted that while with MBSi, Van Scoyoc worked closely with finance companies, forwarders and other data providers in providing a suite of innovative solutions that connected every phase of the repossession lifecycle into one ecosystem, enabling these businesses to maximize their efficiency and mitigate risk.

“During my time consulting with lenders at MBSI, I watched SCM grow its allocations with our mutual clients by leveraging their skip tracing expertise to move upstream to traditional front-end repossession activities,” Van Scoyoc said. “Joe, Claire (Carter) and the SCM data integration and programming team have always been a pleasure to work while at MBSi.

My opinion is not alone as SCM is highly regarded by their peers, partners and is constantly recognized as best in class by their clients.  I am humbled and excited to join the SCM family, add value to their existing client relationships and partner with new automotive loss mitigation clients to help increase their recovery rates,” Van Scoyoc went on to say.