FORT WORTH, Texas — Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. Rails will source subprime auto loan portfolios for Innovate’s own book of business, as well as for the multinational asset management firm that retained Innovate earlier this year to source and service up to $50 million of portfolios for their company, according to the announcement.

“We are excited to welcome Kevyn to our growing organization. He brings more than two decades of diverse experience in auto finance, including roles in both sales and credit,” said COO Scott France. “Kevyn’s unique lending background will serve him well as he assesses auto loan portfolios across the country.”

“I am thrilled to join Innovate Auto Finance, a company that is truly on the forefront of change in this industry,” Rails said. “It’s not every day you come across an organization that isn’t afraid to try something new. Innovate definitely lives up to its name, and that pioneering spirit is one of the many reasons I chose to come on board.”