2019 - Westlake Financial

2019 Press Releases

Westlake Celebrates $10 Billion in Assets, Sets new $20 Billion Growth Target - - Published on October 31, 2019

Westlake Celebrates $10 Billion in Assets, Sets new $20 Billion Growth Target FOR IMMEDIATE RELEASE (October 31, 2019): Los Angeles, CA Westlake Technology Holdings reaches $10 Billion in assets under management milestone ahead of targeted 2022 goal. Westlake has set a new goal of $20 Billion in assets by 2026. “In 2012 we set the ...Read More

Westlake Portfolio Management to Service its Largest Portfolio - - Published on October 11, 2019

Westlake Portfolio Management to Service its Largest Portfolio FOR IMMEDIATE RELEASE (October 11, 2019): Los Angeles, CA Westlake Portfolio Management (WPM) was selected as third-party servicer of Security National Automotive Acceptance Company’s (SNAAC) $221 million automotive portfolio. SNAAC, an auto lender specializing in loans to servicemembers, is the largest portfolio WPM has acquired for servicing ...Read More

Westlake Financial Services Launches Commercial Real Estate Lending Company, Westlake Capital Finance - - Published on October 9, 2019

Westlake Financial Services Launches Commercial Real Estate Lending Company, Westlake Capital Finance FOR IMMEDIATE RELEASE (October 9, 2019): Los Angeles, CA Westlake Technology Holdings launches Westlake Capital Finance to provide Commercial Real Estate loans to automotive dealers. “Our goal is to service the needs of our dealerships on all levels,” stated Ian Anderson, Group President. ...Read More

Westlake Direct Partners with CarFinance For Vehicle Refinancing - - Published on September 17, 2019

Westlake Direct Partners with CarFinance For Vehicle Refinancing FOR IMMEDIATE RELEASE (September 17, 2019): Los Angeles, CA Westlake Direct, a Westlake Financial Services subsidiary, announces a partnership with CarFinance to purchase auto refinance loans originated through the CarFinance platform. CarFinance will market to customers and originate all loans. Westlake Direct will be the loan holder ...Read More

Westlake Financial Services And Nowcom Corporation Enter Into A Strategic Partnership With Axis Auto Finance - - Published on September 4, 2019

Westlake Financial Services And Nowcom Corporation Enter Into A Strategic Partnership With Axis Auto Finance FOR IMMEDIATE RELEASE (September 4, 2019): Los Angeles, CA Westlake Financial Services (“Westlake”) and Nowcom Corporation (“Nowcom”) are pleased to announce a strategic partnership with Axis Auto Finance Inc. (“Axis”) (TSXV: AXIS), which enables Westlake to access the large and ...Read More

Westlake Partners with MobilityWorks to Finance Wheelchair Accessible Vehicles - - Published on August 29, 2019

Westlake Partners with MobilityWorks to Finance Wheelchair Accessible Vehicles FOR IMMEDIATE RELEASE (August 29, 2019): Los Angeles, CA Westlake Financial Services announces partnership with MobilityWorks, a national wheelchair accessible van provider, to offer financing to customers looking for wheelchair accessible vehicles. MobilityWorks will offer Westlake loans through their 84 dealership locations in 24 states. Westlake ...Read More

Westlake Financial Services Issues $1.2 Billion Record-Breaking ABS - - Published on July 18, 2019

Westlake Financial Services Issues $1.2 Billion Record-Breaking ABS FOR IMMEDIATE RELEASE (July 18, 2019): Los Angeles, CA Westlake Financial Services announces the closing of its 19th Asset-Backed Securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever in Westlake history and the fifth consecutive issuance over $1 billion. “Our largest ever ABS is ...Read More

Westlake Financial Services is Now Financing Vehicles with Brands - - Published on June 6, 2019

Westlake Financial Services is Now Financing Vehicles with Brands FOR IMMEDIATE RELEASE (June 6, 2019): Los Angeles, CA – Westlake Financial Services announces it now finances vehicles with brands in 47 states. Vehicles labeled as salvage, junk, rebuilt, water damage, storm damage, flood, hail damage, lemon or crash test vehicle are all eligible for the ...Read More

Westlake Portfolio Management Selected as Third-Party Servicer by Total Finance - - Published on May 21, 2019

Westlake Portfolio Management Selected as Third-Party Servicer by Total Finance FOR IMMEDIATE RELEASE (May 21, 2019): Los Angeles, CA – Westlake Portfolio Management (WPM) has been selected as third-party servicer by Total Finance on its $100 million automotive portfolio. “Westlake Portfolio Management’s track record in servicing automotive loan portfolios was exactly what we were looking ...Read More

Westlake Financial Services Announces America’s Auto Auction Harrisburg as the 2018 Auction of the Year - - Published on March 14, 2019

Westlake Financial Services Announces America’s Auto Auction Harrisburg as the 2018 Auction of the Year FOR IMMEDIATE RELEASE (March 14, 2019): Los Angeles, CA – Westlake Financial Services congratulates America’s Auto Auction Harrisburg as its 2018 Auction of the Year winner.  Westlake recognizes Manheim Nashville, Adesa Sacramento Brashers, Manheim North Carolina, and Manheim Phoenix for ...Read More