Wednesday, Sep. 26, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
HUNTINGTON BEACH , Calif. — Triad Financial Corp. recently announced that Scott France, a former AmeriCredit executive, has been named senior vice president of portfolio management.
In this position, officials said France will head up Triad's efforts to optimize portfolio performance by overseeing collections, customer care and titles, in addition to loss recovery, portfolio project management and remarketing.
"Triad has a solid foundation for growth with strong, committed ownership and leadership," France explained to SubPrime Auto Finance News this week.
"This role offers a real opportunity to work with an experienced team building strategies and processes to drive our long-term success in an increasingly competitive credit environment. I am excited to play a part in Triad's future," he continued.
France also offered an update on the company's relocation of some services to North Richland Hills, Texas. Executives decided on the move earlier this year after reviewing business. The move is designed to improve efficiencies and covers the loss recovery and remarketing functions.
As part of this decision, the company said about 120 positions will be relocated from Huntington Beach, Calif., to the Texas offices. The offices there will become Triad's new corporate headquarters, although some functions will still remain in California.
Offering an update on the move, France said, "The relocation of our remaining operational functions from California to Texas is going very well. We are already fully staffed for both loss recovery and remarketing. This includes both those who have accepted opportunities to move to Texas from California as well as new hires in Texas.
"We are thrilled that out of the 80 percent of the employees offered relocation, 40 percent have accepted those offers and most of them will be working in Texas by early November," he noted.
An industry veteran, France brings more than 20 years of auto finance experience and proven success in managing multibillion-dollar customer loan portfolios to Triad, executives said.
"In addition, he is highly experienced in maximizing portfolio performance using the latest technology and best-in-class processes," company officials highlighted.
As many in the industry are aware, France most recently held the role as executive vice president of consumer services for AmeriCredit. He joined that company in 1996.
At AmeriCredit, he led call center operations with a $6 billion portfolio and more than 1,000 people. France was responsible for the bankruptcy, asset remarketing and charge-off recovery areas of the business.
Prior to joining AmeriCredit, France managed client services for Omni Financial Services, overseeing loan portfolios of more than $1.2 billion in prime and subprime auto receivables for multiple clients.