One of the largest captive finance companies recently gave an award to Primeritus Financial Services.
The national provider of repossession management, remarketing, titled services and skip-tracing services to the auto finance industry announced it was the first supplier to receive the Recovery Services Excellence Award from Toyota Financial Services (TFS).
Primeritus indicated this honor is Toyota’s most recent supplier recognition program for fiscal year 2018. The program is intended to drive performance results in a competitive spirit amongst Toyota’s recovery service vendors.
The award recognizes a vendor’s performance in results, compliance and overall partnership and includes a trophy that travels quarterly for display in each recipient’s home office.
“It’s truly an honor to have been the first to receive the Recovery Services Excellence Award from TFS. But it’s far from an individual achievement,” said Primeritus president and chief executive officer Scott Peters, who is among the industry leaders on tap to appear during Used Car Week that begins on Nov. 12 in Scottsdale, Ariz.
“This award is a testament to the combined power of great vendor and lender partnerships, and a values-driven culture within Primeritus,” Peters continued. “We’re eager to continue advancing our continuous process and technology improvements and playing a meaningful role within the industry.”
Mike Thomas, senior vice president of operations and chief information officer of Primeritus Financial Services, added, “We continue to lead our industry with our ‘best in class’ compliance programs, data driven technology and integrations, along with our proven process management philosophy. It is a privilege to be partnered with and recognized by an organization as prestigious as the Toyota brand.”
And Justin Conners, vice president of sales and client services with Primeritus Financial Services, went on to say, “We are humbled and honored to be the first to receive this award from Toyota Financial Services. Toyota sets a high standard for its suppliers, and the team was able to deliver by exceeding their expectations. This award validates our successful partnership with TFS.”