Tag Archives: Names

SFG Finance Names PassTime USA its Preferred Vendor

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Arlington, TX (PRWEB) February 03, 2012

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today named PassTime USA (http://www.passtimeusa.com), the industry leader in high-tech GPS tracking and Automated Collection Technology solutions as its preferred vendor for its loan purchasing programs.

SFG Finance recently launched a new loyalty program to help dealers thrive in todays competitive environment by utilizing top companies in the industry that are the best at what they do. The program provides a real value-add and we are delighted to have an industry leader such as PassTime USA be associated with our program, said SFG Finance COO Henry Gonzalez.

SFG Finances National Subprime Loan Portfolio Program purchases performing vehicle loans, providing needed capital and allowing dealers to achieve greater liquidity in their business ventures. Additionally, sellers of portfolios will be provided a credit toward the purchase of PassTime devices. We feel by helping a dealer purchase an item they need, and are already using, we add value to their bottom line, Gonzalez stated.

PassTime USA offers GPS tracking and its own Automated Collection Technology (ACT) solutions to its customers in the BHPH and subprime finance industry. Its wide range of products and services, superior 24/7 live customer support, and industry expertise provide customers with a complete package for protecting their assets and managing their portfolios.

“We are very excited about being selected as SFGs preferred vendor for their new program,” said Jake Frank, co-founder of PassTime. “The ability to provide access to a company that specializes in buying BHPH portfolios is another valuable addition to the array of solutions we provide our customers.

SFG Finances recently launched program purchases existing near prime, subprime, and BHPH auto loan portfolios from franchised and independent auto dealers, as well as finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, are held on the balance sheet and serviced internally.

The program is highly efficient with a seven to ten day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since its inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies in more than 30 states.

Funding for the program is made possible by SFGs parent bank, with the additional advantage of a more stable cost of funds and without the need to securitize. SFG Finance offers complete transparency and up-front pricing based upon its superior analytics. A due diligence team will evaluate all loans in order to maximize the selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with $ 3.2 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.

Media Contact:

William Donnelly

817-635-5127

About PassTime

Headquartered in Littleton, Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, wireless, and Automated Collection Technology products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services. For more information about PassTime, please visit http://www.passtimeusa.com or call 877-PASSTIME. Contact Jeff Karg, director of corporate communications at jkarg(at)passtimeusa(dot)com.

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SFG Finance Names Robert Chickowski Senior Vice President-Manager of Portfolio Acquisitions

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Arlington, TX (PRWEB) March 26, 2012

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that it has named Robert Chickowski as senior vice president-manager of portfolio acquisitions. As a member of senior management, Chickowskis responsibilities include supervision of due diligence and portfolio acquisition.

Chickowski brings to SFG Finance over 40 years of experience in the consumer and commercial finance industry, particularly in the areas of due diligence and portfolio acquisition. Prior to SFG Finance, Chickowski served as senior vice president/due diligence manager with Regional Acceptance Corp. During his 6 years with the company he and his team purchased over 1 billion in receivables. Prior to that, he spent several years at FSB Financial, where he managed several departments, including loan servicing and asset remarketing, assisted on due diligence, and his team purchased over 150 million in receivables.

We are very fortunate to have Bob as part of our management team, said SFG Finance COO Henry Gonzalez. He is uniquely qualified to help us leverage our leadership position in the marketplace and expand our market share.

In addition to SFGs long history of purchasing both sub-prime and near prime auto loans, SFG Finance recently launched a program to purchase existing BHPH auto loan portfolios from franchised and independent auto dealers, as well as their related finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, are held on the balance sheet and serviced internally.

The program is highly efficient with a seven to ten day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since its inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide.

Funding for the program is made possible by SFGs parent bank, with the additional advantage of a more stable cost of funds and without the need to securitize. SFG Finance offers complete transparency and up-front pricing based upon its superior analytics. A due diligence team will evaluate all loans in order to maximize the selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with approximately 3 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.







SFG Finance Names thirty-Yr Auto Finance Veteran Stuart Levin as Enterprise Improvement Manager

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Arlington, TX (PRWEB) July 26, 2012

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of vehicle paper from BHPH dealers, new car franchise dealers, finance businesses, banks and credit unions, today introduced that it has named Stuart Levin as Business Improvement Supervisor. In this situation Stuart will be billed with increasing SFGs foundation of sellers in the portfolio acquisition arena as properly as establishing movement interactions nationwide.

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Levin delivers increased than thirty years of auto finance knowledge to SFG with a established report of developing interactions throughout the car landscape and driving outcomes. He is a effectively acknowledged and hugely regarded marketing professional in the underserved automotive lending industry. Prior to SFG Finance Levin labored for 14 a long time at Trac Lending, LLC, most just lately as president, with overall duty for developing subprime automobile finance functions.

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Prior to that, Levin served as C.O.O. at Driveitaway.com, Inc., the place he created and oversaw an upstream remarketing software for fleet lease cars. Ahead of that Levin labored at Autobytel, Inc., as Director, Superior Finance Goods, the place he designed an operations program for the achievement middle of a national loan provider. He also served as the director of Autobytels Utilized Vehicle Program, and was accountable for strategic planning for the Pre-owned Cyber keep.

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Stuart will provide us a wide foundation of information in the sector and we are really excited that he is element of our group, said Robert Chickowski, Senior Vice President-Supervisor of Portfolio Acquisitions.

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SFG Finance purchases present close to key, subprime, and BHPH car financial loan portfolios from franchised and unbiased vehicle dealers, as nicely as finance businesses. Portfolio dimensions range from $ 500,000 to $ a hundred and fifty million, servicing launched all portfolios are held on equilibrium sheet and serviced internally.

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The software is extremely productive with a 7-ten day overall turnaround from examination to closing, and will concentrate on accounts with as minor as thirty day seasoning. Since the inception SFG Finance has actively acquired and closed portfolios from sellers and finance businesses nationwide.

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Funding is made possible by SFGs mother or father lender, with the included gain of no require to securitize in addition a far more stable cost of cash. SFG Finance gives complete transparency and up-front pricing based its excellent analytics. A owing diligence team will assess all financial loans to improve the offering dealer or finance companies return without having interrupting their present enterprise, making certain a seamless transition.

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About SFG Finance:

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SFG Funds tagline is: Turning Paper into Earnings 1 Partnership at a Time. The firm is an energetic purchaser of vehicle finance receivables and its executive administration group has in excess of seventy five years of mixed industry experience. It is a wholly owned affiliate of Southside Financial institution, a single of the nations biggest independent banks with roughly 3 Billion in property. SFG Finance buys sub-key through close to key auto paper, servicing introduced, from financial institutions, credit score unions, vehicle sellers, and other fiscal establishments nationwide. The companys intense pricing and expertise across all credit rating spectrums make it an market chief. For far more data visit: http://www.sfgfinance.com or call: 800-994-0898.

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