Articles from Westlake Portfolio Management

Westlake Portfolio Management (WPM), a premier primary and backup servicer specializing in auto and specialty consumer assets, announced today the successful onboarding and servicing of a $300 million portfolio of auto loans on behalf of a leading institutional asset owner.

Westlake Portfolio Management (WPM), a subsidiary loan servicing company of Westlake Technology Holdings, has entered into a servicing agreement with Mechanics Bank Auto Finance (MBAF) to oversee and manage their portfolio consisting of active and charged-off auto loans, effective May 1, 2025. Sharpening their focus on commercial, small-business and single-family lending, the California-based Mechanics Bank discontinued originating indirect auto loans in early 2023.

Westlake Portfolio Management (WPM), loan servicer located in Los Angeles, California, and subsidiary of Westlake Technology Holdings, is now the servicer for U.S. Auto Sales’ portfolio as of May 22, 2023. U.S. Auto Sales’ portfolio has a principal balance of $741,473,258. This also includes servicing three securitizations with a balance of approximately $391 million.

Westlake Portfolio Management (“WPM”), a loan servicer located in Los Angeles, California, has agreed to service the leases of American Car Center (“ACC”), a used car dealership based in Memphis, Tennessee.

Westlake Portfolio Management (“WPM”), a loan servicer located in Los Angeles, California, announces they have entered into a servicing partnership with Nicholas Financial, an auto and consumer loan finance company based in Clearwater, Florida.

Westlake Portfolio Management (“WPM”), a 3rd party loan servicing company located in Los Angeles, California, has been selected by Car Capital, an auto loan company and a subsidiary of Car Capital Technologies based in Grapevine, Texas, as its primary servicer for Car Capital’s $105 million active portfolio.