Allied Solutions, one of the presenting sponsors of Used Car Week 2018, now has a closer relationship with Location Services, which also just acquired commercial consignor Remarketing of America to enhance its risk management and other offerings to auto-finance clients.
Allied Solutions, one of the largest providers of insurance, lending and marketing products to financial institutions, has entered into a strategic partnership and distribution agreement with Location Services that became effective on Monday.
“We are excited to partner with Location Services as they bring a true ‘best in class’ multi market solution to this area of our business,” Allied Solutions chief executive officer Pete Hilger said.
“Their business model will allow us to offer our clients a direct end-to-end loss mitigation experience that just wasn’t possible before, creating a new level of efficiency for Allied and our clients,” Hilger continued.
To ensure a smooth transition for clients, Allied Solutions indicated that it has appointed a dedicated product support team and is expecting minimal disruption.
“We are honored to be selected by Allied Solutions as their exclusive end-to-end loss mitigation servicing partner,” Location Services CEO Lee McCarty said.
“Allied Solutions is renowned for meeting the needs of their clients, which fits perfectly with our performance and compliance based culture, our focus on analytics and process rigor, and our commitment to deliver the most efficient, effective and compliant services in the loss mitigation industry,” McCarty continued.
Allied Solutions also will have a significant presence during Used Car Week 2018, which begins on Nov. 12 at the Westin Keirland Resort and Spa in Scottdale, Ariz. Anne Holtzman of Allied Solutions will be joined by Jeremiah Wheeler of Digital Recognition Network for multiple discussions and presentations where they will explore the risk strategies they use to monitor contracts for insurance coverage, prevent contracts from going to recovery and build behavior models that predict skip propensity earlier to better predict risk.
Early bird registration discounts are available through Oct. 16. Complete details are available at www.usedcarweek.biz.
More news from Location Services
Along with the partnership with Allied Solutions, Location Services also announced this week the acquisition of MOXKOR, formerly known as Remarketing of America.
McCarty emphasized that the offering now provided by Locations Services can allow credit unions, banks and other financial institutions the ability to have one company manage the entire loss mitigation process including skip-locate, recovery, account administration, license plate digital technology, transportation and remarketing.
“During my time in the banking industry, there was a clear and distinct need for a single service provider to serve as a one-stop-solution that could service financial institutions in a way that reduced compliance risk, while at the same time increasing recovery and liquidation rates,” McCarty said.
“Our team will be positioned with our suite of loss mitigation service offerings to ensure customers in New York are receiving the same efficient, effective and compliant services as those customers in California and Hawaii,” he continued.
Location Services strategically built its team around banking industry leaders; several which came aboard earlier this year.
Shawn White, former director of collections at Exeter Finance, serves as chief operating officer, while Eric Gerdes, former executive director of compliance at Ally Financial, serves as chief risk and compliance officer.
Location Services’ leadership team also includes chief technology officer Henry Kuo and chief digital and work force optimization officer Jeremiah Worthington.
“We are proud that Location Services leadership and management team members have extensive banking industry experience and deep knowledge of state and federal regulatory requirements. This uniquely positions and differentiates Location Services in this highly regulated outsource industry,” McCarty said.