Los Angeles – Finance company Westlake Financial Services expanded its loan origination service into the New Jersey market. The company began accepting contracts from the state in November.
Westlake now originates automotive loan contracts in 35 states across the U.S.
Mark Vazquez, VP of sales, says Westlake already has a local dealer account manager in the field signing up dealerships and adding to Westlake’s national dealer network.
"Despite challenging economic conditions, we're proud to announce our continued expansion to new markets. Starting originations in New Jersey furthers our goal of continued growth and expanding our national footprint," says Vazquez.
Ian Anderson, President, adds, "We are continuing our business plan to be a full spectrum national lender. We have over 5,000 dealers signed with us and we want to help New Jersey dealers sell more cars."
New Jersey will be a part of Westlake's Mid-Atlantic Region under Ricky Clack, the regional market manager.
Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 5,000 new and used car dealers throughout the U.S.