Lender Compliance Technologies (LCT) welcomed an experienced auto-finance executive to its board of advisors.

The provider of compliance solutions for managing F&I product refunds reinforced this board with Craig Sims, who currently serves as chief revenue officer at Arra Finance.

LCT said Sims will leverage his more than two decades of experience in the automotive finance industry to help expand the reach and impact of Refund Control, LCT’s advanced cloud platform that can enable banks, credit unions and financial institutions of all sizes to track and manage F&I product cancellations and refunds with efficiency and precision.

“Craig’s depth of expertise in auto finance, coupled with his proven ability to scale organizations and drive innovation, makes him an invaluable addition to our advisory board,” LCT chief executive officer Glenn Munro said in a news release. “His insight will strengthen LCT’s ability to deliver solutions that not only protect lenders but also streamline operations and maximize recoveries.”

Prior to Arra Finance, Sims he was senior vice president of business development for Crescent Bank, where he played a critical role in growing the business through new sales strategies, dealer programs and capital markets activity.

Sims has also held senior leadership roles at Equifax Automotive and Capital One Auto Finance, where he worked in marketing and analysis.

Across his 20-year career in auto finance, LCT highlighted Sims has built expertise in credit analytics, loan pricing optimization, dealer management, sales leadership and structured finance. His background spans both indirect and direct lending, purchase and refinance lending, and a range of partnership activities, including passthrough relationships, non-prime subvention and lead generation.

“I’m excited to join LCT’s advisory board at a time when technology is reshaping how lenders manage compliance and operational risk,” Sims said. “LCT’s Refund Control platform fills a critical need in the market by giving financial institutions real-time visibility, automation and accountability in the F&I refund process. I look forward to helping LCT expand its reach and impact across the industry.”