SFG Finance Watches Year-Over-Year Growth Hit 30 Percent
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ARLINGTON, Texas –
Auto finance receivables purchaser SFG Finance highlighted this week that its portfolio grew 30 percent over the last year.
SFG Finance indicated the majority of this increase came from the company's subprime flow program — an initiative in which independent, indirect auto lenders originate and immediately pass through auto loans that meet SFG Finance's program guidelines.
"We are thrilled to see our flow program contribute to such extraordinary growth in our auto loan portfolio," said Adrienne Schlitz, senior vice president of portfolio acquisitions at SFG Finance.
"In 2014, we look forward to a similar pace of expansion with more new partners," Schlitz continued. "Our flow program is a natural fit for lenders looking for a reliable, consistent funding source, as well as a strategy to expand their buying power without the need for additional infrastructure."
As part of its growth year, SFG Finance recently unveiled a new custom scorecard for analysis of its bulk portfolio acquisitions.
"Our updated scorecard allows for even greater flexibility and more competitive pricing in the marketplace," Schlitz said.
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This year, SFG Finance plans to further diversify its portfolio among buy-here, pay-here dealers, auto lenders, credit unions, banks and other financial institutions nationwide.
The company said it will focus on partners who desire an entrepreneurial, flexible approach, superior execution and one of the most seasoned leadership teams in the industry.
