NORTH RICHLAND HILLS, TEXAS – Triad Financial Corporation has entered the third-party servicing business. The company is currently signing up clients who need servicing for consumer vehicle loans.

Triad provides a full-service solution, as well as the following niche services:

• Title and records management.
  

  
  

• Account administration.
  

  
  

• Customer service.
  

  
  

• Payment processing.
  

  
  

• Insurance claims processing.
  

  
  

• Collections.
  

  
  

• Bankruptcy management.
  

  
  

• Repossession management.
  

  
  

• Asset remarketing.
  

  
  

• Loss recovery.

  Triad partners with clients who want to take advantage of the former lender’s expertise, scale, and nearly 20-year history of servicing success. Hence, the company’s new tag line: “Expert loan servicing. Proven results.” Clients also enjoy a flexible business model with variable expenses. In other words, they only pay for what they need.

  “This move is a natural fit for Triad, considering our established infrastructure and multibillion-dollar portfolio of our own loans,” says Dan Leonard, president and CEO. “Loan servicing is our only business. We’re dedicating all our resources to superior portfolio management, and now other companies can benefit from it.”

  Scott France, senior vice president of Portfolio Management, says Triad is promoting its services to credit unions, finance companies, and investors. “These particular groups gain the most from having an industry-leading servicing department at their fingertips. By trusting Triad with their accounts, they save time and money,” he said. “Most importantly, our clients are free to focus on their specialty because we’re focused on ours — providing expert loan servicing and maximizing clients’ profits.”

  On Oct. 23 through Oct. 25, Triad made its first trade show appearance as a third-party servicer at the California Credit Union Collectors Council annual conference at the Flamingo Las Vegas. For more information, visit www.TriadServicing.com.