Westlake Portfolio Management, a subsidiary of Westlake Technology Holdings (Westlake), is experiencing incredible growth in 2020, serving over $ 300 million in new portfolios. This success is partly attributed to the collaboration between Westlake Portfolio Management and Agora Data. Agora Data supports Buy Here, Pay Here (BHPH) car dealerships with low interest financing through capital markets and Westlake Portfolio Management provides backend operations such as customer service, collections, securities administration , repossessions and remarketing. The result of this collaboration is that Westlake Portfolio Management has become the main service provider for Agora Capital and Agora Trade.
In addition to this collaboration, Westlake Portfolio Management became the lead service provider for the very first crowdfunding securitization, which closed in December 2020. Westlake Portfolio Management Vice President Todd Laruffa says: However, our team did. proof of extreme perseverance and dynamism. I am very proud of the Westlake Portfolio Management team and look forward to what awaits us in 2021. ”
Westlake Portfolio Management aims in the new year to expand its activities to different types of markets such as small business loans, private equity, credit unions, leasing, unsecured loans, etc.
Westlake Technology Holdings has over 30 years of experience managing subprime auto loans and the lowest delinquency rate in the subprime auto industry. We are a service partner specializing in solutions for all businesses beyond the automotive industry. For any additional questions, contact Todd Laruffa at [email protected]
About Westlake Technology Holdings
About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company based in Los Angeles, California, with approximately $ 14 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers loan portfolio purchases, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division, www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer securities loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance.
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David Goff, Vice-President, Marketing