The auto lending market will always be a significant piece of Genisys Credit Union’s lending strategy. CFS has helped us capture more of that market, by sending us screened and targeted applicants.
Concierge Financial Services’ turnkey program has allowed us to focus on the loan applications while CFS handles the marketing and fulfillment. With the program, we have funded over $25 million in auto refinance loans and added 1300 new members.
Through the auto loan recapture program, we have saved our members thousands of dollars in finance charges. This has been a valuable extension of our lending department; allowing us to process a significantly higher number of loans each month without the added cost of staffing.
Lending Development Manager
The powersports finance industry is growing at a steady pace as more companies enter the space, but sometimes we have a tendency to focus on the growth of larger institutions and captives, leaving smaller startups in the shadows.
From insurance providers to refinanciers to lender aggregators to startup lessors, these under-the-radar startups are infiltrating the powersports finance and aftermarket space. Take a look at our list of 14 “PowerCompanies” you’ll want to keep your eye on:
For more companies like this, visit our PowerDirectory — a dynamic list of the players in the powersports space
Concierge Financial Services, a refinance loan broker, is structuring a deal with a “custom motorcycle manufacturer” to help the OEM secure financing partners, Chief Executive and Founder Thomas Domin told Powersports Finance.
Toward the end of 2016, Concierge Financial was approached by the manufacturer, which lacked financial partners, Domin said.
“We have a conference call with a credit union that deals with all military — active, non-active, or retired — throughout the country,” Domin said. “We are going to try to put together a program for not just auto, but motorcycles as well.”
Thomas Domin, President/CEO of Concierge, manages his team to consistently exceed the needs of his clients and employees. It is very easy for any customer to get lost in the shuffle, but that never happened with Concierge. They all pitched in to get the job done, day-in and day-out. Many times I would need to get a specific deal reviewed and Tom would be the one to pick up the phone. His sleeves were rolled up and working alongside his staff to make sure each and every client got what they expected, concierge service. It has been a pleasure to work with Tom and his team over the years. I look forward to continuously working within him in the future.