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Western Funding Hires Jim Murray as President

LAS VEGAS--(BUSINESS WIRE)-- Western Funding, Inc. recently introduced Jim Murray as its new President. In this role, he will oversee all aspects of Western Funding’s sales, servicing and operations. He will focus on leveraging his extensive background in specialty finance to implement strategic and compliant operational efficiencies and to drive responsible growth.

“Our business model is very compelling and there is a lot of room for growth in our market. Success requires a strong focus on risk management and customer service,” said Mr. Murray. “Western Funding’s program is designed to enable dealers, who are our primary customers, to improve their business by 1) selling more vehicles and 2) participating in the performance of their financed deals by creating deal structures that align the consumer, the dealer and Western Funding, Inc. Because dealers realize the value of our program over time, we know that we need to ensure that each interaction with them along the way results in an outcome that reinforces the program’s value.”

“Jim comes to Western Funding with nearly 20 years of specialty finance experience in both the consumer auto and commercial small business lending sectors,” commented Ian Anderson, Group President – Westlake Financial Holdings. “His blend of Corporate Finance, Analytics, and Operational leadership experiences make him a great fit for our growth plans at Western Funding. Western has done an amazing job rebuilding its operations. We believe Jim and the team will take Western to the next level.”

Western Funding continues to experience significant improvements in the performance of its managed portfolio as well as increased growth through its nationwide network of automobile dealers. This powerful combination will assist Western Funding in becoming an increasingly formidable player it its market over the next few years.

About Western Funding Incorporated: Western Funding is a specialized consumer finance company and subsidiary of Westlake Financial Services, providing automobile financing to borrowers with limited access to traditional credit. A pioneer in the subprime auto finance sector, Western Funding is an icon in the auto finance industry. Headquartered in Las Vegas, NV, Western Funding enables the origination, accepts assignment of and services installment loan contracts originated by their national network of automobile dealers. Dealers own their portfolios and share in the collections on the associated installment loan contracts.

www.WesternFundingInc.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20171116006366/en/

for Western Funding, Inc.
David Goff
dgoff@westlakefinancial.com

Source: Western Funding, Inc.