2010 Press Releases

Westlake Remarketing Releases Q3 – 2010 Top Auctions List - - Published on October 18, 2010

Westlake Remarketing Releases Q3 Top Auctions List LOS ANGELES, California – October 18, 2010 – Westlake Financial Services has named their top five auctions for Q3-2010. They are: Manheim Nevada Rawls Auto Auction Norwalk Auto Auction Brashers Salt Lake Auto Auction Adesa Golden Gate Westlake Remarketing saw strong performance in the recent quarter and is ...Read More

Westlake Rolls out ‘Titanium Program’ for Prime Credit Customers - - Published on September 13, 2010

Westlake Rolls out ‘Titanium Program’ for Prime Credit Customers LOS ANGELES, California – Sept. 13, 2010 – Westlake Financial Services has begun the nationwide rollout of their “Titanium Program” aimed at prime credit customers. All Westlake dealers will have access to the new program beginning September 15. Program highlights include: APR as low as 5.99% ...Read More

New Agreement to Improve Vehicle Buying Process for Auto Dealers - - Published on August 24, 2010

Open Dealer Exchange and Westlake Financial Services Announce Agreement to Improve Vehicle Buying Process for Auto Dealers Agreement allows for credit application integration directly within the dealership management system (DMS) during the vehicle buying process. TROY, MICHIGAN–August 3, 2010–Open Dealer Exchange, LLC has announced its agreement with Westlake Financial Services for credit application integration directly ...Read More

Westlake Remarketing Releases Q2 Top Auctions List - - Published on August 23, 2010

Westlake Remarketing Releases Q2 Top Auctions List LOS ANGELES, California – August 23, 2010 – Westlake Financial Services has named their top five auctions for Q2-2010. They are: 1. Manheim Nevada 2. Manheim Arizona 3. Norwalk Auto Auction (California) 4. Manheim Metro Dallas 5. KCI Auto Auction (Missouri) The list was compiled using Westlake Remarketing ...Read More

Westlake Financial Services Upgrading to Aspect Unified IP Contact Center Platform - - Published on August 18, 2010

Westlake Financial Services Upgrading to Aspect Unified IP Contact Center Platform LOS ANGELES, California – August 23, 2010 – Westlake Financial Services has named their top five auctions for Q2-2010. They are: 1. Manheim Nevada 2. Manheim Arizona 3. Norwalk Auto Auction (California) 4. Manheim Metro Dallas 5. KCI Auto Auction (Missouri) The list was ...Read More

Westlake Announces Auto Securitization - - Published on June 25, 2010

Westlake Announces Auto Securitization LOS ANGELES, California – June 25, 2010 – Westlake Financial Services is planning a USD 120m subprime auto loan ABS for next week, said CFO Paul Kerwin. The Rule 144A series 2010-1 offering is being led by Hexagon Securities, itself a first-time term ABS underwriter. Officials at Hexagon declined to comment. ...Read More

Westlake Remarketing Announces Top Auctions For Q1 2010 - - Published on May 1, 2010

Westlake Remarketing Announces Top Auctions For Q1 2010 Los Angeles, CALIFORNIA – May 12, 2010 –Westlake Financial Services has named their top five auctions for Q1-2010. They are: Other company highlights Westlake would like Massachusetts dealers to know: Manheim Indianapolis Adesa Lexington Adesa San Antonio Kansas City Independent Manheim Metro Dallas “We are extremely proud ...Read More

Westlake Expands Partnership with NCCI - - Published on April 15, 2010

Westlake Expands Partnership with NCCI Los Angeles, CALIFORNIA – April 15, 2010 – Westlake Financial Services announces an expanded partnership with National Creditors Connection Inc. (NCCI), a field contact service provider, after a successful three-month test program showed a 10 to 15 % improvement in contact and payment rates of delinquent accounts. NCCI is a ...Read More

Westlake Announces Portfolio Acquisition Services - - Published on March 16, 2010

Westlake Announces Portfolio Acquisition Services Los Angeles, CALIFORNIA – March 16, 2010 – Westlake Financial Services, a full-spectrum indirect auto finance company, announces formation of a new division which will specialize in portfolio acquisition services.  The new division, “Westlake ALPS” (Advanced Lending & Portfolio Services), was created to expand Westlake’s product offerings and provide a new source ...Read More

Wells Fargo Extends WFS $100m Revolving Securitization Facility - - Published on March 2, 2010

Wells Fargo Extends Westlake Financial Services $100m Revolving Securitization Facility Los Angeles, CALIFORNIA – March 2, 2010 – Westlake Financial Services, a full-spectrum indirect auto finance company, announces a new $100 million revolving securitization facility from Wells Fargo Preferred Capital. The facility will be funded through a Westlake subsidiary, Westlake Funding III, and has a maturity of ...Read More