FORT WORTH, Texas – Jan. 25, 2018 – Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has been retained by a multinational investment firm to source $50 million worth of subprime auto loan portfolios for the firm to review for purchase. Innovate will source, perform due diligence, underwrite, process and ultimately service all portfolios that the investment firm client chooses to acquire.
“We are excited to provide this full-service turnkey solution that leverages our near-decade of experience successfully acquiring subprime auto loan portfolios,” said Preston Miller, president and CEO of Innovate Auto Finance. “Now on our third generation, our highly predictive credit scorecard and pricing models are tremendous assets to assist investment firms wanting exposure in subprime auto finance.”
“In addition, our servicing and auto remarketing companies – Loan Portfolio Servicing (LPS) and Caprock Auto Remarketing – bring more than 10 years of positive results to ensure our clients maximize their profits from this investment,” Miller said.
For more information about Innovate’s services, including the turnkey loan portfolio investment program, contact Scott France at [email protected] or (817) 471-1182.
About Innovate Auto Finance
Founded in 2009, Innovate Auto Finance provides liquidity solutions to both franchised and independent dealers, as well as finance companies, through bulk portfolio acquisitions. Innovate’s flexible, turnkey approach includes a single point of contact and open, consistent communication.
Since its inception, Innovate has provided liquidity to its clients through the acquisitions of more than $500 million of auto finance receivables across more than 200 sellers. For more information, visit www.innovateauto.com.