CenterOne Financial Services (CenterOne) announced that it has entered into an agreement to manage pro-active lessee contact and vehicle remarketing of the Florida region lease portfolio for The Huntington National Bank (Huntington). Headquartered in Columbus, Ohio, Huntington provides indirect auto retail, lease and commercial lending products and services through more than 3,000 automobile dealers.
“CenterOne has an excellent reputation in this industry and has demonstrated their experience handling maturing lease portfolios, which we plan to leverage to surpass our Florida region remarketing goals.” said Mark Lamlein, senior vice president and Florida region manager for Huntington Dealer Sales. “We’re looking forward to a creative and mutually rewarding relationship.”
“Adding Huntington to our growing list of clients reinforces the fact that CenterOne is an industry leader in providing high-performing loss mitigation strategies and solutions for maturing lease portfolios,” said Brent Sergot, executive director, Sales and Client Services for CenterOne. “We will focus on delivering industry-leading performance in order to accomplish Huntington’s goals while ensuring a positive lease-end experience for their customers.”
With service centers located in St. Louis and Mobile, Ala., CenterOne offers third-party servicing solutions, including auto lease, retail contracts and commercial loans.
CenterOne’s pro-active management program for Huntington begins 12 months prior to lease maturity. During that time CenterOne will implement direct mail and calling campaigns with maturing lessees to reduce the number of off-lease vehicles returned to Huntington.
About Center-One Financial Services
CenterOne (www.centeronefinancial.com) is a part of JM Family Enterprises, Inc. (JMFE), a diversified automotive company headquartered in Deerfield Beach, Fla. Its principal businesses focus on vehicle distribution and processing, finance and warranty services and insurance activities. Major JMFE operating units include Southeast Toyota Distributors, LLC, the nation’s largest franchised distributor of Toyota vehicles; World Omni Financial Corp., offering a complete range of customer driven automotive financial products and services; JM&A Group, providing warranty and insurance products and services to automobile dealerships throughout the country and CenterOne Financial Services, which provides third-party servicing with a full complement of auto finance-related services from originations and account management to collections and vehicle remarketing.
About Huntington
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 137 years of serving the financial needs of its customers. Huntington provides retail and commercial financial products and services through more than 300 regional banking offices in Indiana, Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail and commercial financial services online at www.huntington.com; through its 24-hour telephone bank; and through its network of more than 900 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Florida, Georgia, Tennessee, Pennsylvania and Arizona; Private Financial Group offices in Florida; and Mortgage Banking offices in Florida, Maryland and New Jersey. International banking services are made available through the headquarters office in Columbus and additional offices located in the Cayman Islands and Hong Kong.
