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August 16, 2017 - Industry News

Westlake Financial Now Using Equifax’s Dealer Intelligence Platform

Equifax’s TradeSight allows finance sources to analyze originations, current and future dealer partners, and performance of finance contracts booked through dealer partners. The platform works by combining Equifax’s consumer credit information with dealer and vehicle data from third-party data sources.

Tags: auto finance, Equifax, Westlake Financial Services

May 24, 2017 - Industry News

Westlake Financial Adds eContracting

Through a partnership with eOriginal, Westlake Financial has digitally transformed its dealership management system into an econtrating solution for its network of more than 20,000 new- and used-car dealers.

Tags: econtracting, eOriginal, Westlake Financial Services

May 18, 2017 - Industry News

Former Chase Custom Exec Joins Westlake

The once head of Chase Custom Finance is back. Today, Westlake Financial Services announced it has contracted Bill Jensen to focus on developing its strategic accounts division.

Tags: auto finance, Bill Jensen, Chase Custom, special finance, subprime, Westlake Financial Services

October 14, 2015 - Industry News

Westlake Now on RouteOne’s Econtracting Platform

With the new connection, dealers signed up with the auto finance source and for RouteOne’s econtracting solution can receive electronic validation and distribution, as well as a signing process that works on signature pads, tablets and nearly any touchscreen-enabled device.

Tags: RouteOne, Subprime Financing, Westlake Financial Services

October 1, 2015 - Industry News

Westlake Expanding Dallas Servicing Team

This week, Westlake Financial Service began its recruitment process as part of its plans to expand the servicing team in its Dallas production center, which opened its doors this past January.

Tags: auto finance, special finance, Subprime Financing, Westlake Financial Services

October 1, 2015 - Industry News

CFPB Takes Action Against Westlake and Its Title-Lending Subsidiary

The bureau ordered the subprime auto finance source and its subsidiary to pay a $4.25 million civil penalty for illegal debt-collection tactics and $44.1 million in consumer redress.

Tags: CFPB, Debt Collection, subprime auto finance, Westlake Financial Services

July 22, 2015 - Industry News

Westlake Customers See Largest Jump in FICO Score, Equifax Finds

Westlake Financial Services was recognized by Equifax as the national auto lender whose subprime customers have seen the highest credit score increase over the term of their loan.

Tags: Auto Loans, Equifax, subprime lending, Westlake Financial Services

May 7, 2015 - Industry News

Westlake ALPS Purchases $12.4 Million Bulk Portfolio

Advanced Lending & Portfolio Services, a division of Westlake Financial Services, has acquired a $12.4 million bulk portfolio from Blackhawk Financial.

Tags: Acquisition, Advanced Lending & Portfolio Services, loan portfolios, Westlake Financial Services

March 26, 2015 - Industry News

Westlake Financial Announces 2014 Top Auctions

Westlake Auction Rep Steve Gunsberger (left) presents the “2014 Auction of the Year” award to ADESA Phoenix fleet lease manager, Bobby Cade (right).

ADESA Phoenix, Kansas City Independent Auto Auction and Rawls Auto Auction were ranked the best in their regions, according to Westlake Financial Services' assessment of 45 auctions in 20 states.

Tags: Auto Auctions, Westlake Financial Services

March 17, 2015 - Industry News

Westlake Financial Adds ACI UP Bill Payment Solutions

ACI Up Bill Payment Solutions will allow Westlake customers to pay their loans with a debit card or ACH, which can accept payments online, through a mobile device, or via phone or text.

Tags: Online, Payment Plan, Westlake Financial Services

November 13, 2014 - Industry News

Westlake Financial to Open Texas Production Center

Westlake Financial Services has announced plans to open a new production center in Dallas to provide improved servicing for current dealerships and increase the finance source's dealer network.

Tags: Hiring, Westlake Financial Services

August 19, 2014 - Industry News

Westlake Financial Reaches $2 Billion Milestone

In July, the finance source reached a milestone of $2 billion in total receivables with more than 270,000 customer accounts. It was the best July production in Westlake's history.

Tags: Westlake Financial Services

February 20, 2014 - Industry News

Westlake Financial Names 2013 Auction of the Year

Westlake names Kansas City Independent Auto Auction as its 2013 Auction of the Year. Three Adesa auctions were also recognized.

Tags: Auto Auctions, Westlake Financial Services

January 9, 2014 - Industry News

Western Funding Restarts Loan Originations

After a recent pause in loan originations, Western Funding Inc. is now operating at full capacity with the financial support of Westlake Financial Services.

Tags: Western Funding Inc., Westlake Financial Services

December 5, 2013 - Industry News

Business Journal Names Westlake to Fastest Growing Private Company List

The Los Angeles Business Journal released its annual ‘Top 100 Fastest Growing Private Companies’ list. On it was Westlake Financial Services, which came in at No. 54.

Tags: Franchised Dealerships, Independent Dealerships, Revenue, Westlake Financial Services

March 21, 2013 - Industry News

Primeritus to Provide Collections Services to Westlake Financial

Westlake Financial Services has partnered with Primeritus Financial Services to improve its portfolio by lowering losses and increasing recovery, according to Westlake President Ian Anderson.

Tags: Primeritus, Westlake Financial Services

December 20, 2012 - Industry News

Westlake’s DealerCenter Updates Website

DealerCenter, an arm of Westlake Financial’s sister company, announces dealer-friendly updates to its websites.

Tags: auto structure all, deal tracking, DealerCenter, graphic interface, profit matrix, updates, Website, Westlake Financial Services

November 27, 2012 - Industry News

Westlake Attains New Credit Facility From Japanese Firm

Westlake Financial announced a new $30 million credit facility with Japanese leasing firm.

Tags: credit facility, Japanese leasing, MG Leasing Corp, MGL, Westlake Financial Services

October 30, 2012 - Industry News

Westlake Remarketing Names Top Auctions for Q3

Westlake Financial Services named the top four regional auctions in the third quarter. Taking the top award was ADESA Lexington of Kentucky.

Tags: ADESA Lexington, Auto Auctions, Brasher's Sacramento, Kansas City Independent, Rawl's Auto Auction, Westlake Financial Services

August 9, 2012 - Industry News

Westlake Announces New $300 Million Credit Facility

Westlake Financial Services, with the assistance of JP Morgan and Royal Bank of Scotland, secured a $300 million credit facility that will fuel originations and growth plans.

Tags: JP Morgan, Paul Kerwin, Royal Bank of Scotland, Westlake Financial Services

July 3, 2012 - Industry News

Westlake Renames, Simplifies Programs

The full-spectrum finance source has reduced its programs from four to three, and transitioned them from structure-based to FICO-based programs.

Tags: FICO, full-spectrum finance, Westlake Financial Services

May 31, 2012 - Industry News

Westlake Now in All 50 States

The full-spectrum finance source will officially enter the Massachusetts market on June 1, and is already signing up dealers in that state.

Tags: auto finance, Westlake Financial Services

February 9, 2012 - Industry News

Westlake Announces 2011 Top Auctions

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

Tags: Auto Auctions, Norwalk Auto Auction, Westlake Financial Services

November 8, 2011 - Industry News

Westlake Names Kansas City Independent Top Overall Auction

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

October 27, 2011 - Industry News

BHPH Purchaser ALPS Reports Strong 3Q Results

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

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