Triad Financial partners with Innovate Auto Solutions to market third-party loan servicing

NORTH RICHLAND HILLS, Texas – Triad Financial and Innovate Auto Solutions today announced their partnership to promote Triad’s vehicle loan servicing to finance companies, auto dealers, investors, credit unions and other potential clients.

“We have personally known Innovate’s leadership team for more than 10 years. They are the best in the business, and I’m excited to work with them to spread the word about Triad’s services,” says Scott France, senior vice president of Portfolio Management at Triad.

Daniel Martinez, CEO of Innovate, shares France’s enthusiasm about the new partnership. “We sincerely believe that Triad is an excellent option for companies looking to outsource their loan servicing,” he says. “Their team possesses proven talent and experience with a 20-year history of positive results.”

Elizabeth Webb, chief operating officer at Innovate, agrees. “At Innovate, we maintain relationships with many industry leaders who would benefit from Triad’s services. So I look forward to recommending Triad as my first choice for superior portfolio management.”
 
Dan Leonard, president and CEO of Triad, says today’s challenging economic environment makes it even more important to maximize revenue from auto loans. “Whether prime or non-prime, almost every lender is struggling to stay profitable,” he says. “That makes now the perfect time to save overhead costs and to leverage Triad’s expertise, scale and solid results. We’re glad to have Innovate on board to help reinforce this message.”

Innovate will help market all of Triad’s services, such as: 

• Title and records management
• Account administration
• Customer service
• Payment processing
• Insurance claims processing
• Collections
• Bankruptcy management
• Repossession management
• Asset remarketing
• Loss recovery

As part of the company’s marketing efforts, the Triad team will appear at several trade shows in 2009, including the upcoming Texas Credit Union League’s 75th Annual Meeting and Exposition. This event, held April 14-17 at the Hilton Austin, will welcome about 1,500 credit union leaders and employees from across the state. Triad invites attendees to visit their booth, meet company leaders and learn more about their services.

About Triad Financial
Founded in 1989, Triad Financial provides superior vehicle loan servicing for finance companies, auto dealers, credit unions, investors and other third-party servicers. The company offers specialty expertise in non-prime accounts and has serviced more than 1 million collateralized loans across the full credit spectrum over the past 10 years alone.

Services include title and records management, account administration, customer service, payment processing, insurance claims processing, collections, bankruptcy management, repossession management, asset remarketing, and loss recovery.

Triad has more than 800 employees and the financial strength of approximately $2.5 billion in managed receivables. The company’s headquarters and main servicing center are in North Richland Hills, Texas, with a regional office in Huntington Beach, Calif. For more information, visit www.TriadServicing.com.

About Innovate Auto Solutions
Led by a proven management team with a broad range of auto finance experience, Innovate Auto Solutions partners with clients to create competitive, visionary solutions that meet the needs of this rapidly changing industry. Advisory services include product design and development, capital structure strategy, valuation and profitability modeling, and more.

Founded in 2008, the company’s three founders collectively represent more than 60 years of success in auto finance. Innovate is based in North Richland Hills, Texas. For additional information, visit www.InnovateAutoSolutions.com .