This week, Westlake Portfolio Management (WPM) announced the successful onboarding and servicing of a $300 million portfolio of auto loans on behalf of what it called “a leading institutional asset owner.”

The division of Westlake Technology Holdings that’s a primary and backup servicer specializing in auto and specialty consumer assets said this transition represents a “significant” milestone in WPM’s continued growth as a trusted servicing provider for financial institutions seeking rapid portfolio onboarding, enhanced collections operations, and measurable performance improvements.

As part of this deal, WPM said it will be handling customer service calls, title administration, monthly collections, repossession and remarketing of assets and the inevitable charge-off accounts.

WPM mentioned that it offers consumers many self-service and digital-friendly options to keep their contract current. The company also has customer service agents available via phone, email and chat.

“We are proud to execute a seamless transfer of servicing at this scale,” Westlake Portfolio Management vice president Todd Laruffa said in a news release. “Our team executed an accelerated boarding process and initiated customer engagement immediately. WPM’s platform is built for both speed and precision, allowing us to stabilize portfolios quickly and drive performance from day one.”

WPM highlighted several other services it can deliver, including:

—A rapid, error-free portfolio load

—Immediate customer outreach through omnichannel communication tools

—Data-driven loss mitigation strategies tailored to portfolio’s asset characteristics

—Enhanced collections efficiency through advanced segmentation and modeling

—Early stage delinquency reduction through proactive account management

WPM said this new client selected the company based on its “proven ability” to execute complex portfolio transitions with speed, transparency, and operational rigor, while maintaining a strong focus on compliance and customer experience.

WPM’s servicing capabilities span customer service, collections, repossession management, bankruptcy, remarketing, payment processing, and compliance oversight, supported by a technology platform designed to optimize outcomes across a wide range of asset types.

“Our focus is on delivering consistent, measurable results,” Laruffa said. “From day one, we prioritize collections efficiency, delinquency reduction, and a seamless experience for both clients and customers. We strive to outperform initial expectations by leveraging our technology, collection strategy and industry experience.”

For more information about Westlake Portfolio Management and its servicing solutions, visit www.wpmservicing.com.