CenterOne Financial Services LLC is a third-party servicing leader, leveraging more than three decades of automotive industry experience. The nation’s largest banks, automotive captives, independent finance companies, credit unions, rental car companies and investors rely on us to service loans and leases for cars, trucks, boats, motorcycles and motor homes. |
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November 18, 2008 - Press Release
Winners This Year Chosen for Distinction in Risk Management Practices
Deerfield Beach, FL — CenterOne Financial Services LLC (CenterOne), a division of World Omni Finance Corp. (World Omni), was recently selected as one of four recipients of Auto Finance News' 2008 Auto Finance Excellence Awards, presented at the Las Vegas Auto Finance Summit in October.
The distinguished award celebrates achievement in the automotive lending and leasing industry. Award recipients were chosen from nominations by industry executives and after careful consideration by the board of advisors of the Auto Finance Summit and the editors of Auto Finance News.
With risk-related issues at the forefront of auto finance improvements, CenterOne demonstrated foresight when it bolstered its framework of operational risk management, Auto Finance News officials said. Starting last year, CenterOne set up a compliance office, a business process office and a 10-person quality assurance group to regularly review systems and procedures. The company has also added a user-provisioning project that automatically ties users' IDs to functions within the corporate systems that they are allowed to access.
"CenterOne provides sales finance and lease account servicing to more than 100 banking and financial organizations worldwide," said Ed Brown, World Omni Group Vice President. "In today's economy, it is critical to mitigate risk and thereby reduce losses. All of the World Omni companies, including DataScan Technologies, DataScan Field Services and Southeast Toyota Finance, have enhanced risk management practices in 2008."
About CenterOne Financial Services LLC
CenterOne (www.centeronefinancial.com), headquartered in Deerfield Beach, Fla., leverages more than two decades of experience in the automotive industry. Bringing a wealth of knowledge and expertise to its clients, CenterOne's servicing solutions include originations, sales finance and lease account servicing, collections, pro-active "pre-term" remarketing, repossession remarketing, back-up servicing and training. From start to finish, its services are designed to provide value-added solutions. In 2004, in recognition of the company's servicing processes, CenterOne was the first retail auto sales finance and lease servicer to earn the highest S&P servicer rating of "STRONG," a rating that the company maintains today.
CenterOne, a division of World Omni Financial Corp., which is a subsidiary of JM Family Enterprises, Inc. (JM Family) (www.jmfamily.com), is a $12.2 billion diversified automotive corporation ranked by Forbes magazine as the 22nd-largest privately held company in the United States. JM Family is currently ranked No. 23 by FORTUNE® as one of the 100 Best Companies to Work For, its 10th consecutive year on the list. The company is also ranked No. 7 on Computerworld's list of "100 Best Places to Work in IT." Its principal businesses focus on vehicle distribution and processing, financial services, finance and insurance products and services, retail sales, marketing and consulting and dealer-focused technology products and services.
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