Westlake celebrates three decades in the auto finance industry
LOS ANGELES–(COMMERCIAL THREAD) – August 29e, 2018, Westlake Financial Services celebrated its 30th anniversary.
“Westlake’s longevity is a testament to our products and our people,” said Ian Anderson, President of Westlake Financial Services. “Our employees are encouraged daily to be forward thinking, to use technology to improve efficiency and to identify new products and services that we can offer to our partner dealers. ”
To celebrate, Westlake hosted an Employee Appreciation Event to celebrate three decades in the automotive industry and honor the hard work and dedication of our employees. This event included games, raffles, food and, of course, a birthday cake.
“Thirty years in the business is an important milestone,” added Don Hankey, Chairman of the Board of Westlake Financial Services. “I would like to thank the employees of Westlake for continuing to believe in the Westlake brand and products.”
In 1988, Don Hankey founded Westlake Financial Services out of a need for subprime loans for his clients through his car dealership. What started as a footprint solely in venture auto finance, Westlake Financial Services has grown to become the nation’s largest privately held auto finance company with $ 7.73 billion in assets. Today, Westlake offers auto dealers a full range of financing solutions, including indirect lending through Westlake and Western Funding, floor plan financing through Westlake Flooring Services, acquisitions and portfolio services through ALPS and Westlake Portfolio Management, car leasing through CULA and direct-to-guaranteed consumer loans service through Wilshire Consumer Credit. Those interested in learning more about Westlake Financial Services are encouraged to contact Westlake directly at 1.888.893.7937 or online at www.westlakefinancial.com.
About Westlake Technology Holdings: Westlake Financial Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 7.73 billion in assets under management. Westlake Financial Services is the originator of indirect auto retail payment contracts through a nationwide network of new and used auto and powersports dealers. Westlake also offers loan portfolio purchases, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division, www.WestlakeALPS.com. Floor plan lines of credit are provided by Westlake Flooring Services, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Credit Union Leasing of America (CULA), a subsidiary of Westlake; dealer leads and auto loans direct to consumers through Westlake Direct; and direct securities lending to consumers through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com.