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loan portfolios

Westlake ALPS Purchases $12.4 Million Bulk Portfolio

Advanced Lending & Portfolio Services, a division of Westlake Financial Services, has acquired a $12.4 million bulk portfolio from Blackhawk Financial.

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Balancing Act

Auto finance continues to balance the need to manage risk with the need to fuel the industry’s resurgence. So far, so good, according to Experian Automotive’s latest report.

SFG Finance Adds to Executive Team

BHPH portfolio buyer names Robert Chickowski senior vice president and manager of portfolio acquisitions. He will supervise the company’s due diligence and portfolio acquisition efforts.

Southside Launches National Subprime Loan Portfolio Program

Southside Financial Group announced the launch of a nationwide program to purchase existing nearprime and subprime auto loan portfolios ranging from $500,000 to $40 million.

Prestige Financial Announces $150 Million Funding Facility with Wells Fargo Securities

Prestige Financial’s $150 million funding facility with Wells Fargo Securities has a renewable one-year term and will assist Prestige in growing its loan portfolio and completing periodic asset-backed securitizations.

Alphera Wants to Make Auto Loans as a Captive

Alphera Financial Services is feeling a little freer these days. In fact, according to the company’s top exec, becoming a captive is a real possibility for the five-year-old company.

Flagship Credit Acceptance Rolls Out National Subprime Loan Portfolio Program

Flagship Credit Acceptance’s Portfolio Acquisition Program will purchase existing portfolios of nonprime and subprime loans from auto dealers and finance companies across the United States.

Navigator Holdings Makes $3.2 Million Subprime-Portfolio Offering

Navigator Acceptance, a division of Navigator Holdings LLC, has released a fourth-quarter loan portfolio offering worth $3.2 million.

DebtMarket Relaunches as Automated Portfolio Marketplace, Partners With Frazer Computing

DebtMarket, formerly GDNAuto, relaunched as an automated marketplace that connects buyers and sellers of marine, RV and powersports loan portfolios. It also forged a partnership with Frazer Computing Inc., a provider of dealer management software, to incorporate certain features of the DebtMarket platform into its dealership offerings.

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Taking the BHPH Plunge

So you’ve decided to give it a go. The first thing you need to do is create a business plan for your new buy-here, pay-here operation. Special finance trainer provides the five things your business plan must have.