July 28, 2008
Inspire Auto Finance establishes new standard with entry into Subprime Auto Finance Market
DALLAS (July 28, 2008) – Inspire Auto Finance® , today delivered on its promise to redefine the auto finance industry and serve as the premier national subprime automobile lender with the official announcement of its entry into the market.
Lead by a management team with more than 100 years of collective experience, Inspire Auto Finance spent 18 months developing a custom technology solution and reworking the subprime lending model to deliver the highest standard for decisioning, customer care and profitability, automation and performance to automotive dealers nationwide.
As part of its redesigned lending model, Inspire Auto Finance has deployed new dealer-specific platforms set to raise the industry standard, including:
- iLender™ , Inspire’s patent pending, revolutionary “thinking system” for decisioning
- iRewards™ , a world-class dealer rewards program
- iRep™ , dedicated virtual services and representatives for dealers
Inspire Auto Finance has partnered with DealerTrack, Inc., Credit Management Solutions, Inc. (CMSI), CSC and Black Book to deliver a superior service and world-class financing solutions to dealer partners and consumers.
Inspire Auto Finance is comprised of auto finance industry pioneers who are focused on providing solutions for the consumer, dealer and industry as a whole. Inspire Auto Finance’s management team includes:
CEO, Thomas R. Brower
A visionary with more than a quarter century in the automotive sector, Thomas Brower founded
the first subprime company, Finance Security which he merged with Summit Acceptance
Corporation (now Capital One) and instituted subprime lending. He also founded Drive
Financial Services (now Santander Consumer USA) which became one of the nation’s largest
privately held subprime lending companies.
Chief Strategy and Information Officer, John Fineout
An information technology leader for the financial services industry, John Fineout served as the
Senior Technology leader at Tatum LLC, Carreker Corporation, Capital One Auto Finance and
Banctec.
Chief Operating Officer, Mark D. Gallas
An operational veteran of the auto finance industry, Mark Gallas served as the First Vice
President for Loan Administration at Countrywide Financial. He also served as Senior Vice
President and Compliance Officer for Drive Financial Services.
Chief Credit Advisor, Dr. Craig Allen
A respected veteran of the financial services industry, Dr. Craig Allen founded Delphi Structured
Finance Corp. and related companies, providing asset-securitization and credit evaluation
services in the USA and EU. Dr. Allen was an early pioneer in non-prime auto finance. He
served as a founding partner of the Aegis Holding Corp. which went public as a consumer
finance company in 1994. Dr. Allen began his structured finance career at Bear Stearns in 1987.
About Inspire Auto Finance
Inspire Auto Finance® is the only nationwide subprime lender set to redefine the auto finance
industry. Headquartered in Dallas, TX, the company brings more than 100 years of auto finance
experience and deep relationships with dealer partners nationwide to deliver the industry’s most
advanced subprime lending solutions. For more information on Inspire Auto Finance, please
visit www.inspireautofinance.com.