E-NEWSLETTER

Westlake Financial Services named Norwalk Auto Auction as its overall 2011 Auction of the Year.

Tags: auto auctions, Norwalk Auto Auction, Westlake Financial Services

Westlake Financial Services named Kansas City Independent the Top Overall Auction for the third quarter. It finished near the top in almost all sales categories.

Tags: auto auctions, remarketing, Westlake Financial Services

Advanced Lending & Portfolio Services, a bulk purchaser of buy-here, pay-here contracts, announced strong quarterly results, claiming a total portfolio size of $11.5 million at the end of 3Q 2011.

Tags: Advanced Lending & Portfolio Services, ALPS, BHPH, BHPH dealers, buy-here, pay-here, Westlake Financial Services

Westlake Financial Services announced its top auctions list for the second quarter, with Norwalk Auto Auction and Manheim Nevada taking the top spots.

Tags: auto auctions, Manheim Nevada, Norwalk Auto Auction, Westlake Financial Services

Westlake Financial Services named its top auctions for the first quarter 2011.

Tags: auto auctions, Westlake Financial Services

Westlake Financial Services’ portfolio reached $1 billion dollars in total receivables, with over 150,000 accounts as of March 11, 2011.

Tags: Westlake Financial Services

Westlake Financial Services reported that it experienced improvement in resale values last year, as the subprime auto finance company experienced a 30 percent year-over-year gain in values in 2010 after a flat 2009.

Tags: resale values, Westlake Financial Services

Westlake Financial Services has begun the nationwide roll out of its Titanium Program, which is aimed at prime credit customers.

Tags: FICO, prime financing, Westlake Financial Services

Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has increased its revolving credit facility from $240 million for one year to $365 million for three years to Westlake Financial Services.

Tags: credit, Wells Fargo, Westlake Financial Services

Open Dealer Exchange LLC has partnered with Westlake Financial Services to allow credit application integration directly within the dealer’s dealership management system (DMS).

Tags: dealership management system, DMS, Open Dealer Exchange, Westlake Financial Services

Westlake Financial Services expanded its partnership with National Creditors Connection Inc. (NCCI), a field contact service provider, after a successful three-month test program showed a 10- to 15-percent improvement in contact and payment rates of delinquent accounts.

Tags: delinquencies, subprime, Westlake Financial Services

Westlake Financial Services, a full-spectrum indirect auto finance company, formed a new division which will specialize in portfolio acquisition services.

Tags: subprime, Westlake Financial Services

Westlake Financial Services, a full-spectrum indirect auto finance company, received a new $100 million revolving securitization facility from Wells Fargo Preferred Capital. The facility will be funded through a Westlake subsidiary, Westlake Funding III, and has a maturity of three years.

Tags: credit, Wells Fargo, Westlake Financial Services

Westlake Financial Services, a full-spectrum auto finance company, has integrated with Nowcom Corporation’s newly redesigned DealerCenter 7 Website, which features a dealer management system and a streamlined user experience that aims to help dealers structure and submit deals to Westlake.

Tags: Deal Structuring, Nowcom, Westlake Financial Services

Westlake Financial Services unveiled several new initiatives as part of its Q4 plan of expanding originations through the end of the year and into 2010.

Tags: Westlake Financial Services

Westlake Financial Services’ remarketing department launches its new “Buy With Confidence Gold” program. The program will spotlight the company’s best inventory, featuring late-model vehicles with less than 80,000 miles and no frame damage.

Tags: Westlake Financial Services

RouteOne LLC completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.

Tags: near prime financing, RouteOne, subprime, Westlake Financial Services

Westlake Financial Services expanded its services in July into three states — Maine, Connecticut and Alaska — and named a new assistant vice president of sales to lead marketing in these states.

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Westlake Financial Services recently expanded into the state of Hawaii. Westlake now operates in 37 states, with Hawaii-based contracts accepted starting May 1, 2009.

Tags: near prime financing, subprime, Westlake Financial Services

Westlake Financial Services announces its expansion into the Louisiana market, bringing the number of states it operates in to 36. Contracts for Louisiana will be accepted starting April 20, 2009.

Tags: Westlake Financial Services