Westlake Portfolio Management Selected as Third-Party Servicer by Total Finance

LOS ANGELES–(BUSINESS WIRE)–Westlake Portfolio Management (WPM) has been selected as third-party
servicer by Total Finance on its $100 million automotive portfolio.

“Westlake Portfolio Management’s track record in servicing automotive
loan portfolios was exactly what we were looking for,” stated a Total
Finance official. “With their experience, technology, and operational
support, they will be able to successfully handle all necessary
operational tasks for our customers.”

Approximately 84% of the $100 million portfolio at the time of
acquisition came from active, non-delinquent accounts. WPM is handling
full operational support on the portfolio: customer service,
collections, titles management, repossessions, and remarketing.

Todd Laruffa, VP of Westlake Portfolio Management, commented, “We
boarded the portfolio within 30 days of being awarded the account. This
quick transition is essential to the successful performance and quality
customer service to Total Finance customers.”

“Our experience in servicing is essential towards providing servicing
solutions for our partners in the automotive industry,” stated David
Goff, VP of Marketing. “We provide superior servicing by using our
latest technology to handle all servicing operations.”

Westlake Portfolio Management, a subsidiary of Westlake Technology
Holdings, is a third-party servicing company with the infrastructure to
support medium to large scale portfolios. Finance companies, dealerships
and auto loan holders interested in learning more about WPM are invited
to contact WPM directly at 1.877.854.5688 or online at www.wpmservicing.com.

About Westlake Technology Holdings: Westlake Technology Holdings
is an auto and finance technology company headquartered in Los Angeles,
CA with approximately $8.33 billion in assets under management. Westlake
Financial Services originates indirect automotive retail installment
contracts through a nationwide network of new and used automotive and
powersports dealers. Westlake also offers loan portfolio purchasing,
credit facilities and portfolio servicing through their ALPS division
(Advanced Lending & Portfolio Services); www.WestlakeALPS.com.
Westlake Portfolio Management provides servicing solutions to 3rd
parties; www.wpmservicing.com.
Floor plan lines of credit are provided through their Westlake Flooring
Services division; www.WestlakeFlooringServices.com, shared
cash flow auto lending through Westlake’s wholly owned subsidiary,
Western Funding, Inc. a Nevada Based auto lender, and indirect
automotive leasing for credit unions through Credit Union Leasing of
America (CULA), a subsidiary of Westlake, dealers leads and
direct-to-consumer auto loans through Westlake Direct, and direct to
consumer title loans are through Westlake’s wholly owned subsidiary Loan
Center; www.loancenter.com.

www.WestlakeFinancial.com

Contacts

David Goff, VP, Marketing
[email protected]

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