Security National Automotive Acceptance Co. (SNAAC), a non-prime auto finance company, and Primeritus Financial Services, a provider of recovery management, skip-tracing, and remarketing services to the auto finance industry, announced their collaborative partnership on Tuesday.
Primeritus will provide SNAAC its full suite of remarketing services for SNAAC’s automotive portfolio.
“Primeritus has a solid reputation in the industry by helping auto finance companies improve their remarketing strategies and obtaining the highest returns in the auction lanes,” said Chris Mitcham, senior vice president of collections with SNAAC.
“SNAAC is proud to partner with a company that will help us; improve our portfolio results, lower our overall days to sell, manage cost, experience premium lane placement and participate in their vehicle certification process in order to obtain the highest vehicle retention value,” continued Mitcham, who was highlighted in this year’s Remarketing & Used-Car Industry’s 40 Under 40 produced by Auto Remarketing.
Primeritus vice president of remarketing Keith Byrd added, “The team at Primeritus is very excited and proud to partner with an established company like SNAAC. Primeritus has decades of combined experience in the remarketing industry which will also assist SNAAC in achieving their remarketing goals. We look forward to working together and providing an excellent remarketing experience.”
Joe Mappes, executive vice president of Primeritus Financial Services, also commented about this week’s development.
“SNAAC and Primeritus share a common objective; to deliver best-in-class service and results for our clients,” Mappes said. “By utilizing Primeritus’ proprietary remarketing technology, SNAAC will have data and insights relating to key performance indicators in the remarketing cycle which will help drive educated remarketing decisions.
“We are humbled SNAAC has named Primeritus as their trusted business partner in this facet of their collections cycle,” Mappes went on to say.