Greg Harris to lead business development at Loan Portfolio Servicing and Caprock Auto Remarketing

Harris brings 30 years experience in auto finance and vehicle remarketing to this position.

FORT WORTH, Texas – June 12, 2013 – Loan Portfolio Servicing (LPS) and Caprock Auto Remarketing today announced Greg Harris has joined the two sister companies as director of business development. Harris brings nearly 30 years experience in subprime auto finance, auction sales and vehicle remarketing to this position.

"I am thrilled to welcome Greg Harris to the LPS and Caprock team," says President Scott France, who previously worked with Harris at Triad Financial. "Greg is driven by results, constantly focused on the bottom line and always searching for ways to improve. That combination is a perfect fit with the philosophies of LPS and Caprock."

Harris joins France's team from his previous position at Manheim Auto Auctions, where he was part of the market sales group. While at Manheim, Harris increased year-over-year dealer consignment activity and Manheim product utilization.

Prior to his role at Manheim, Harris was director of vehicle remarketing at Triad Financial. He also spent 12 years at Honda Financial Services helping lead their remarketing initiatives. Harris' previous experience includes collections and recovery work with Nissan Motor Acceptance and Ford Motor Credit.

About Loan Portfolio Servicing

Loan Portfolio Servicing (LPS) specializes in the management of subprime auto loans, with additional expertise in prime accounts.

The privately owned, boutique firm provides its clients with a top-tier experience in title and records management, account administration, customer care, collections, loss mitigation, repossession and remarketing management, and loss recovery.

With decades of industry experience, the LPS team has serviced more than 2 million collateralized loans across the full credit spectrum over the past 10 years alone. LPS has more than $100 million in managed receivables and is headquartered in Fort Worth, Texas. For more information, call (888) 207-1504 or visit www.loanportfolioservicing.com.

About Caprock Auto Remarketing

Caprock Auto Remarketing helps auto lenders, banks, credit unions, dealer groups and investors to quickly and effectively remarket repossessed vehicles.

Services include auction communication, transportation, reconditioning and repair, floor pricing, live in-person representation, online sales and transfer of auction proceeds.

The company’s management team brings more than 25 years experience in the industry. Caprock Auto Remarketing is headquartered in Fort Worth, Texas. For more information, call (877) 559-1767 or visit www.caprockremarketing.com.


NAAA Posted 6/13/2013