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Universal Special Auto Finance Company Goes Prime

June 11, 2008

GREENWOOD VILLAGE, Colo.–- Universal Special Auto Finance expands its efforts in the auto finance industry with Universal Prime, a progressive program for prime consumers.

Universal has thrived in the subprime market with a strong and respected network of dealers throughout the U.S. Carefully selected dealers and ground-breaking lending guidelines will be the foundation for Universal Prime as well.

"With many other financial institutions restricting lending at this time, Universal is moving forward aggressively. We are positioned and proving to be a key player in multiple areas of the market," says John Scordo, Universal’s CEO. "Our new prime lending model is innovative, efficient, and generates consistent and impressive profitability for financial institutions and auto dealers—on the short and the long term."

Scordo and the company’s executive team have decades of experience and expertise in the auto finance market and financial services arena. "Through careful selection of our dealer partners and consistent, quality underwriting decisions, we make solid lending decisions that benefit consumers, dealers, our financial institution clients, and the marketplace," said Steve Norbut, executive vice president of dealer sales.

This year Universal also rolled out Universal Solutions, a comprehensive, a-la-carte menu of auto loan origination and portfolio management services to lending-related companies of all sizes and types. Universal Solutions also offers auto dealers the opportunity to finance their own deals, and provides third-party servicing to dealers, as well as financial institutions that have or are building loan portfolios.

Universal Special Auto Finance is a capital management company that builds special auto finance portfolios for financial institutions and investors through its nationwide auto dealer network, state-of-the art technology, and “no exception” rules. The company has operations in Denver and Dallas.

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