Arlington, TX (PRWEB) March 26, 2012
SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that it has named Robert Chickowski as senior vice president-manager of portfolio acquisitions. As a member of senior management, Chickowskis responsibilities include supervision of due diligence and portfolio acquisition.
Chickowski brings to SFG Finance over 40 years of experience in the consumer and commercial finance industry, particularly in the areas of due diligence and portfolio acquisition. Prior to SFG Finance, Chickowski served as senior vice president/due diligence manager with Regional Acceptance Corp. During his 6 years with the company he and his team purchased over 1 billion in receivables. Prior to that, he spent several years at FSB Financial, where he managed several departments, including loan servicing and asset remarketing, assisted on due diligence, and his team purchased over 150 million in receivables.
We are very fortunate to have Bob as part of our management team, said SFG Finance COO Henry Gonzalez. He is uniquely qualified to help us leverage our leadership position in the marketplace and expand our market share.
In addition to SFGs long history of purchasing both sub-prime and near prime auto loans, SFG Finance recently launched a program to purchase existing BHPH auto loan portfolios from franchised and independent auto dealers, as well as their related finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, are held on the balance sheet and serviced internally.
The program is highly efficient with a seven to ten day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since its inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide.
Funding for the program is made possible by SFGs parent bank, with the additional advantage of a more stable cost of funds and without the need to securitize. SFG Finance offers complete transparency and up-front pricing based upon its superior analytics. A due diligence team will evaluate all loans in order to maximize the selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.
About SFG Finance:
SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with approximately 3 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.