Automotive

Work with an experienced industry leader. First Associates can support automotive programs with complete turnkey origination/service solutions or provide support for specific functions such as verification calls or remarketing.

Automotive

Work with an experienced industry leader. First Associates can support automotive programs with complete turnkey origination/service solutions or provide support for specific functions such as verification calls or remarketing.

First Associates is well respected in the automotive industry as a trusted resource that can provide:

  • Loan servicingLease servicing
  • Verification calls
  • Remarketing

We look forward to accelerating your auto program. Contact us today.

Real Clients; Real Results

Challenge: Reduce defaults in a subprime auto loan pool for a financial investor that was seeing them trend higher—and frustrated that its previous servicer had no plan for turning things around

Strategy: First Associates initiated an intense, high-touch servicing approach that included a program of intensive skip tracing and outreach to reestablish relationships with a majority of borrowers and bring them back to a current status. We also used our preferred status with remarketing vendors to yield significantly more from the defaulted loans.

Result: Borrower outreach through multiple channels played a key role in reducing defaults by 65% and increasing recoveries by 25%.

Call us today at (888) 486-2509 to learn more about the advantages of our automotive loan and lease servicing programs or request a phone consultation by clicking here.