FORT WORTH, Texas – April 5, 2018 – Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as Vice President of Portfolio Acquisitions. In this role, Rails will source profitable subprime auto loan portfolios for Innovate’s own book of business, as well as for the multinational asset management firm that retained Innovate earlier this year to source and service up to $50 million of portfolios for their company.
“We are excited to welcome Kevyn to our growing organization. He brings more than two decades of diverse experience in auto finance, including roles in both sales and credit,” said Scott France, Chief Operations Officer for Innovate Auto Finance. “Kevyn’s unique lending background will serve him well as he assesses auto loan portfolios across the country.”
Rails added, “I am thrilled to join Innovate Auto Finance, a company that is truly on the forefront of change in this industry. It’s not every day you come across an organization that isn’t afraid to try something new. Innovate definitely lives up to its name, and that pioneering spirit is one of the many reasons I chose to come on board.”
In his new position, Rails will oversee both the portfolio acquisitions and funding teams. Rails will join other Innovate executives at several upcoming conferences, including LendIt Fintech USA 2018, April 9-11, and AFSA Independents Conference & Expo, April 24-26. To set up a meeting with an Innovate executive at one of these events, email [email protected]
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 or connect with Innovate on LinkedIn at www.linkedin.com/company/innovateautofinance/.