June 12, 2024

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Business is my step

MUSA Auto Finance associates with defi Options to service entire-spectrum lease portfolio

5 min read

“By teaming up with defi Methods, we will achieve incredible efficiencies in our operations though also furnishing planet-class support to our prospects. We are thrilled that defi Solutions brings in-depth servicing practical experience throughout the full credit history spectrum, considering the fact that MUSA originates from subprime all the way by means of super-prime,” claimed Jeff Morgan, CEO of MUSA Car Finance.

“In addition, defi Alternatives has a strong historical past of servicing leases. This is a scarce obtain and specifically vital to MUSA. Car leases are structured differently from regular loans, with distinctive terminology and nuances,” Morgan reported. “We are assured that defi Answers will expertly execute MUSA’s servicing method, offering a different calendar year of robust effectiveness throughout the portfolio.”

Susie Storey, Chief Revenue Officer at defi Answers, mentioned the MUSA partnership is thrilling for defi simply because equally firms are pushed by technology. “We have noticed MUSA create initially-of-its-variety automation for leases. And at defi, we have created a modern-day, modular and robust servicing platform to provide our servicing functions,” she reported. “I see this collaboration as two tech organizations joining forces to deliver a great leasing product or service to the current market.”

MUSA CEO Jeff Morgan claimed he appears ahead to growing into new business lines as a end result of the effectiveness gains. “Our vision for MUSA is developing more substantial by the day, and strategic partnerships like this a person established us up for hitting these extended-phrase objectives even more rapidly.”

Pete Siciliano, who just lately joined MUSA Auto Finance as Chief Running Officer, mentioned clients will significantly advantage from this partnership. “Since our operations will turn into more streamlined by leveraging defi SOLUTIONS’ current, scalable servicing system, we can move these financial savings on to our buyers in the sort of lessen rates. We’ll also proceed to enhance the leasing working experience by focusing on what MUSA is aware of very best – impressive technologies and automation.”

Before joining MUSA, Siciliano served as COO for Liberty Truck Finance and held management roles with Sierra Vehicle Finance, Exeter Finance, GE Dollars and Ford Motor Credit history Company. He delivers around 30 a long time of vehicle, industrial truck and home finance loan finance working experience to MUSA Vehicle Finance. Siciliano will oversee the defi Methods partnership to guarantee the productive implementation of MUSA’s servicing strategies in 2021 and over and above.

About MUSA Car Finance

MUSA Automobile Finance is an automobile finance enterprise and a technological innovation innovator in the new and pre-owned motor vehicle sector. The enterprise originates its consumers from franchised and find unbiased sellers.

Because its inception, MUSA has automated the time-consuming, handbook procedures customarily associated with leasing and getting a auto. A person of MUSA’s technologies platforms procedures the software, calculates the lease, automobile-selections the software, delivers an acceptance back to the supplier husband or wife, and correctly pre-fills the lease deal in seconds. Automated approvals normally happen in just a handful of seconds, and buyers can even upload supporting documents by using their mobile unit.

In 2019, MUSA partnered with PowerBand Answers, Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) (“PowerBand”, “PBX” or the “Company”).

For much more facts, pay a visit to www.musaautofinance.com.

About defi Answers

defi Remedies companions with captives, banking companies, credit score unions, and finance firms of all varieties and dimensions to aid creditors remodel their operations.

The firm’s thorough suite of conclusion-to-conclusion originations, servicing, and analytics solutions, collectively with engineering-enabled processing products and services, are versatile, configurable, and scalable to handle the at any time-evolving needs of loan providers and borrowers.

defi Answers brings together the know-how of defi Answers and the former Sagent Auto Lending with the backing of Warburg Pincus, Bain Cash Ventures and Fiserv. For extra facts, visit www.defisolutions.com.

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