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Industry Press Releases

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SFG Finance Enjoys Significant Year-over-Year Volume Increases; Recruits Three Industry Veterans to Help with Future Expansion

ARLINGTON, Texas — June 4, 2013 -- SFG Finance LLC (www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that it has enjoyed significant year-over-year increases in volume and has added three industry veterans to its team to help stay ahead of its growth.

Adrienne Schlitz has joined as Senior Vice President-Manager of Acquisitions; Mike Anderson has joined as Senior Vice President-Manager of Loan Servicing and Brad Adams has joined SFG as Vice President Business Development.

Schlitz has over 22 years of auto industry experience which includes 19 years in auto finance with a focus on non-prime business.  Prior to joining SFG, Schlitz held a Vice President position and was a leader in the Portfolio Acquisition Group of BB&T Dealer Financial Services/Regional Acceptance Corporation, where she focused on business development and portfolio acquisitions.  Before that, Schlitz served as Vice President at FSB Financial, where she developed and managed credit operations. 

Anderson has more than 20 years of non-prime auto finance experience in servicing, successfully leading collections and customer relations for several large companies. His extensive background includes serving for many years as Senior Vice President of Servicing for AmeriCredit Financial Services; and Vice President of Loss Mitigation for Triad Financial Services.

Adams brings over 20 years of experience in managing automotive loan portfolios to SFG. His experience includes consulting start up BHPH operations for companies managing portfolios well over $100MM.  Adams also has a wealth of experience in other areas, including bulk purchasing; securing lines of credit; lender audits; static pool analysis; forecast modeling; and point of sale financing.  Adams previously served as the Director of New Store Openings for Indianapolis, IN-based JD Byrider Systems, Inc. Additionally, he managed JD Byrider locations for seven years and was the CEO of a multimillion dollar point of sale finance company. 

“Due to our tremendous expansion we have recruited several veteran industry experts. We are also hiring mid-level management positions in several departments as well as 20 additional customer service personnel to stay ahead of our growth,” said Steve Burke, President and CEO of SFG Finance. “We recently exhibited at the NABD in Vegas, and are excited about the auto environment right now.  It’s very upbeat and full of energy.  Additionally, we will be exhibiting at NIADA in just a couple of weeks to showcase our new and exciting programs. This is a wonderful time of unprecedented growth for our company and we look forward to developing even more relationships with sellers of auto paper.”

Since its inception, SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide.  Portfolio sizes range from $500,000 to $150 million, servicing released.   

Funding is made possible by SFG’s parent bank, with the added advantage of no need to securitize plus a more stable cost of funds. 

SFG is a wholly owned subsidiary of Southside Bank. For more information visit: http://www.sfgfinance.com/ or drop by booth 629 at the NIADA convention and Expo, June 24-27, 2013, in Las Vegas, NV.

About SFG Finance:

SFG Finance’s tagline is: Where Relationships and Integrity Matter. The company is an active purchaser of auto finance receivables, and its executive managers each have over 30 years of industry experience.  It is a wholly owned subsidiary of Southside Bank, one of the nation’s largest independent banks with approximately $3.5 Billion in assets. SFG Finance buys BHPH through super prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The company’s aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: www.sfgfinance.com or call (800) 994-0898.

Media Contact:

Matthew Burke
Brand Manager
SFG Finance
817-635-5107
matthew.burke@sfgfinance.com >Media Contact:

 

 

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