Tag Archives: Veteran

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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Yet another Industry Veteran to Be part of the Collingwood Group as Vice President

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Washington, DC (PRWEB) August 20, 2012

The Collingwood Team introduced nowadays that Linda Nessi joined the agency as Vice President of the Danger Administration and Compliance Division. The Division is concentrated on mitigating the risk of enforcement actions and ensuring operational readiness and compliance with the arduous requirements of government lending.

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Nessi undoubtedly delivers a wealthy history of federal government software experience that will permit her to assistance the complete variety of The Collingwoods Groups government lending consulting solutions, like handling operational danger assessments, quality handle critiques across the entire bank loan life cycle such as origination, servicing and insurance policies statements, and specific financial loan file testimonials.

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Former FHA Commissioner, Brian Montgomery, now Chairman of The Collingwood Team noted, Not only does Linda deliver a wealth of FHA program experience but her tenure at Fannie Mae and Freddie Mac supply an added dimension to the Chance Administration and Compliance Divisions notable experience.

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Before signing up for The Collingwood Group, Nessi served as a Director of Screening and Checking at Freddie Mac for a few several years, exactly where she oversaw Residence Reasonably priced Modification Software (HAMP) and non-GSE portfolio compliance. Nessi also labored at Fannie Mae for five many years, where she managed the Money Dedication Window and the Functions Consultants Team.

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Most notably, Nessi put in in excess of 30 several years at the Section of Housing and City Development (HUD). The Collingwood Groups bench of staff is presently deep with HUD veterans. Nessis addition more deepens Collingwoods cache of HUD veterans at The Collingwood Group, representing in excess of 250 a long time of mixed HUD knowledge on staff.

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In her tenure at HUD, Nessi served as the Associate Deputy Assistant Secretary, Director of an FHA Homeownership Heart, and Branch Chief of FHAs Top quality Assurance Division where she was responsible for on-web site financial loan origination and servicing compliance reviews. She held other positions at HUD, including Multifamily Housing Consultant, Local community Arranging and Growth (CPD) Consultant and Urban Growth Action Grant (UDAG) Officer.

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Ms. Nessi stated that, It is superb to be again operating with so many previous FHA colleagues. The mission of The Collingwood Group and its target on operating with clientele to create and preserve very best practices and compliant packages is one thing I am very pleased to be a portion of.

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About The Collingwood Team

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The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based mostly business advisory company centered on expanding customers companies, promoting earnings expansion and escalating investment returns. The company is led by Brian Montgomery, previous Assistant Secretary for Housing and Federal Housing Commissioner. Montgomery performed a significant function in the federal governments initiatives to deal with the nations fiscal crisis and restore balance and liquidity to monetary marketplaces. The companies other founders have held leadership positions in other corporations in the economic services business, like the GSEs. Collingwoods skills spans all aspects of Company, non-Agency and FHA/VA housing financing packages Ginnie Mae securitization activities domestic and worldwide secondary marketplace routines and concerns primary and unique servicing total asset lifecycle vendor and expertise management and all factors of portfolio thanks diligence, acquisition, house administration and asset disposition.

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Velocity Hires Industry Veteran for Loan Acquisitions Kolasinski to Lead Financial loan Acquisition Initiatives for Specialty Finance Organization

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Westlake Village, CA (PRWEB) January 17, 2013

Velocity Professional Funds, a specialty finance firm focusing on originating, buying and securitizing tiny equilibrium commercial financial loans, announces the addition of Craig Kolasinski to its Cash Markets group. In his part as Director of Loan Acquisitions, Kolasinski will lead Velocitys enterprise growth attempts buying pools of business mortgage loan financial loans nationwide in the secondary marketplace.

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Kolasinski provides far more than twenty a long time banking and mortgage acquisitions expertise to the placement. Prior to his appointment, Kolasinski was Director of Acquisitions for Onward Investors, LLC and beforehand held a senior management role at Initial Financial institution of Beverly Hills.

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I am thrilled with the addition of Craig Kolasinski to the Funds Marketplaces group at Velocity, said Chris Farrar, President and CEO. His deep encounter and associations in the banking business will play an integral position whilst we continue to increase our acquisitions business and insert to our portfolio.

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Kolasinksi retains a Bachelors degree in Company Administration from Kent State College.&#13

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About Velocity&#13

Velocity Professional Capital is a specialty finance firm concentrating on professional actual estate debt. Velocity acquires portfolios of performing and non-executing loans nationwide. In addition, the organization originates modest equilibrium business financial loans and acts as particular servicer, dealing with distressed belongings. Launched in 2004, Velocity is headquartered in Westlake Village, California. For far more data, remember to check out: http://www.vcc-inc.com

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Velocity Industrial Funds Hires Effectively-Identified Veteran for Mortgage Originations

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Philadelphia, PA (PRWEB) March 06, 2013

Velocity Business Money, a nationwide true estate lender specializing in originating and securitizing little-harmony industrial loans, announces the addition of Troy Kane to its originations group. In his role as Senior Bank loan Officer, Kane will proceed to expand Velocitys East Coast presence as a leader in the professional lending arena.

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Kane provides much more than twenty several years in the house loan finance market to his publish at Velocity. Prior to his appointment, Kane managed a team of nationwide sales associates at Interbay Funding, a subsidiary of Bayview Fiscal. In this part, Troy was the best producing originator for eight straight a long time, and successfully managed the corporations biggest accounts.

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I am thrilled with the addition of Troy Kane to the originations team at Velocity. stated Joseph Cowell, Senior Vice President. His deep knowledge in wholesale lending, specially within our small-equilibrium commercial area of interest, will be really critical as we keep on to expand the business.

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Troy holds a Bachelor of Science diploma from La Salle University in Philadelphia, PA.

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About Velocity &#thirteen

Velocity Professional Funds is a immediate wholesale financial institution specializing in commercial financial loans from $ 250k to $ 1.5 million nationwide. Velocity proceeds to provide the business with streamlined programs and a common sense method that targets the under-served market in between financial institutions and tough funds loan companies. Founded in 2004, Velocity is headquartered in Westlake Village, California and operates a satellite sales business office in Philadelphia, PA. For a lot more data, make sure you visit: http://www.velocitycommercial.com

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