LOS ANGELES —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.

“Primeritus has a solid reputation in the industry of helping companies improve their collection services,” Anderson explained.

Primeritus provides recovery management and skip tracing services to the automotive industry. Primeritus will assist Westlake with skip-to-locate services for Westlake’s post charge-off collateral accounts.

“Westlake and Primeritus share a common vision: to deliver best-in-class service, technology and results for our clients,” says Joe Mappes, executive vice president of Primeritus Financial Services. “By utilizing Primeritus SkipMasters, Westlake Financial will reduce their charge-off ratio, increase overall compliance measurements and mitigate losses across their entire portfolio.”