SFG Finance announced this week that its portfolio grew 30% over the last year thanks to the company’s subprime flow program — an initiative in which independent, indirect auto lenders originate and immediately pass through auto loans that meet SFG Finance’s program guidelines.
To handle significant year-over-year increases in volume, SFG Finance has hired vice presidents for its acquisitions, loan servicing and business development sectors.
The auto paper purchaser announced that Senior Vice President Robert Chickowski will retire on Jan. 31, ending a 46-year career in the consumer and commercial finance industry.
Under the new partnership, dealers and finance sources who sign up for SFG’s new loan purchasing program will now have access to PassTime USA’s automated collection products.
BHPH portfolio buyer names Robert Chickowski senior vice president and manager of portfolio acquisitions. He will supervise the company’s due diligence and portfolio acquisition efforts.
SFG Finance, an active purchaser of auto finance receivables, announced the launch of its 2012 Broker Incentive Contest. Phase One of the contest runs from Jan. 1 to June 30, 2012.
Southside Financial Group, an auto finance receivables purchaser, has changed its name from Southside Financial Group to SFG Finance.
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