NORTH RICHLAND HILLS, Texas — Triad Financial recently announced that it has named a new executive to oversee the company's third-party servicing efforts.

Taking on this position is Stephen Smith. In his role as director of portfolio servicing, he will manage Triad's business development initiatives, client relations and the daily operations of servicing clients' consumer vehicle loans.

Smith joined Triad in January 2008 as a risk management leader. He brings nearly 20 years of financial services experience, including nine years at Auto One Acceptance Corp. in Dallas, Texas, where he served as manager of loan servicing and later as vice president and compliance officer.

Prior to joining Triad, Smith managed American Bank, N.A., in Dallas as the bank's senior vice president.

Scott France, senior vice president of portfolio management at Triad, said, "I believe Steve is the right person to help us shape our future as a top third-party servicer. He understands our clients' needs because he's walked in their shoes. With experience on both the client and outsourcing sides, Steve lends a unique perspective that will serve Triad very well."

Smith chimed in, adding, "I plan to help grow Triad's third-party servicing into a sustainable business that is one of the strongest in the industry. Triad's 20-year track record of successful portfolio management is no accident. Our expert staff, large-scale, proven technology and established relationships are the reasons behind our results, and I look forward to showing more clients how we can help maximize their profits too."

As part of Smith's new role, he will appear at several trade shows in 2009, including the upcoming Texas Credit Union League's 75th Annual Meeting and Exposition. This event, held April 14-17 at the Hilton Austin, will welcome about 1,500 credit union leaders and employees from across the state.

Triad said it invites attendees to visit its booth (No. 614) to meet Smith and other company leaders.