Innovate Auto Finance names new VP of portfolio acquisitions

FORT WORTH, Texas - 

Innovate Auto Finance added to its human capital this week in an effort to keep its book of business growing.

Innovate Auto Finance, a purchaser and servicer of auto portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, the company indicated Rails will source profitable subprime portfolios for Innovate’s own book of business, as well as for the multinational asset management firm that retained Innovate earlier this year to source and service up to $50 million of portfolios for their company.

“We are excited to welcome Kevyn to our growing organization. He brings more than two decades of diverse experience in auto finance, including roles in both sales and credit,” said Scott France, chief operations officer for Innovate Auto Finance.

“Kevyn’s unique lending background will serve him well as he assesses auto loan portfolios across the country,” France continued.

In his new position, Rails will oversee both the portfolio acquisitions and funding teams, leveraging his 24 years of auto finance experience.

“I am thrilled to join Innovate Auto Finance, a company that is truly on the forefront of change in this industry," Rails said. “It’s not every day you come across an organization that isn’t afraid to try something new.

Kevyn Rails

“Innovate definitely lives up to its name, and that pioneering spirit is one of the many reasons I chose to come on board,” he went on to say.

Rails will join other Innovate executives at several upcoming conferences, including LendIt Fintech USA 2018 and AFSA Independents Conference & Expo. To set up a meeting with an Innovate executive at one of these events, send a message to businquiries@innovateauto.com.

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