SNAAC Announces New Hires and Promotions
Security National Automotive Acceptance Company has added three senior-level leaders and five new team members.

CINCINNATI — Security National Automotive Acceptance Company LLC (SNAAC) has appointed three senior-level leaders and five new team member additions.
Robert Davis was hired as director of collections. He most recently served as the area general manager of the Cincinnati and Columbus regions for Exeter Finance Corporation. Davis previously held leadership positions at Wells Fargo Dealer Services and Toyota Financial Services.
Kevin Monahan was promoted to director of servicing. Monahan served as a collection manager at SNAAC before the announcement, managing a staff of more than 40 people and an accounts receivable portfolio that have doubled in size during his tenure.
Jaci Minges Nunnelley was promoted to senior manager of training and quality assurance. Nunnelley started her career at SNAAC in 2003 as a collector, and has made significant contributions and been promoted through positions in IT, customer service and quality throughout her 12-year tenure at the company.
SNAAC also recently hired five additional team members: Laura Alexander, accountant; Jason Baumgartner, senior financial analyst; Sean Boggess, network supervisor; Sheila Eckert, IT project manager; and Bradley Felix, senior portfolio risk analyst.
“SNAAC welcomes this group of talented new directors, managers and team members to our growing workforce,” said Brian McDonald, president and CEO of SNAAC. “Our team grew by 25% last year to more than 250 employees and we are continuing to hire for many positions in various departments in 2015.”
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →