January 24, 2021

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MUSA Vehicle Finance partners with defi Methods to company whole-spectrum lease portfolio

5 min read

“By teaming up with defi Solutions, we will acquire great efficiencies in our operations even though also offering environment-class support to our customers. We’re thrilled that defi Remedies provides in-depth servicing practical experience throughout the whole credit history spectrum, considering that MUSA originates from subprime all the way by way of tremendous-primary,” said Jeff Morgan, CEO of MUSA Automobile Finance.

“In addition, defi Answers has a robust record of servicing leases. This is a scarce find and primarily vital to MUSA. Car leases are structured otherwise from common loans, with one of a kind terminology and nuances,” Morgan mentioned. “We are confident that defi Solutions will expertly execute MUSA’s servicing strategy, delivering one more 12 months of powerful general performance across the portfolio.”

Susie Storey, Chief Revenue Officer at defi Alternatives, reported the MUSA partnership is fascinating for defi due to the fact both organizations are pushed by technological innovation. “We have found MUSA generate first-of-its-form automation for leases. And at defi, we’ve designed a fashionable, modular and robust servicing system to deliver our servicing functions,” she mentioned. “I see this collaboration as two tech firms signing up for forces to produce a amazing leasing product to the sector.”

MUSA CEO Jeff Morgan reported he seems forward to growing into new organization traces as a final result of the effectiveness gains. “Our eyesight for MUSA is escalating greater by the working day, and strategic partnerships like this 1 set us up for hitting people lengthy-expression goals even speedier.”

Pete Siciliano, who recently joined MUSA Vehicle Finance as Main Working Officer, reported consumers will significantly profit from this partnership. “Because our operations will grow to be a lot more streamlined by leveraging defi SOLUTIONS’ current, scalable servicing platform, we can move these discounts on to our consumers in the form of decreased fees. We are going to also keep on to boost the leasing practical experience by concentrating on what MUSA is aware finest – revolutionary know-how and automation.”

Just before signing up for MUSA, Siciliano served as COO for Liberty Truck Finance and held management roles with Sierra Car Finance, Exeter Finance, GE Dollars and Ford Motor Credit history Organization. He delivers over 30 several years of car, commercial truck and property finance loan finance practical experience to MUSA Auto Finance. Siciliano will oversee the defi Options partnership to assure the effective implementation of MUSA’s servicing procedures in 2021 and outside of.

About MUSA Vehicle Finance

MUSA Car Finance is an automobile finance enterprise and a technology innovator in the new and pre-owned vehicle business. The organization originates its buyers from franchised and pick out unbiased dealers.

Because its inception, MUSA has automated the time-consuming, manual processes customarily associated with leasing and acquiring a auto. One of MUSA’s technological know-how platforms processes the application, calculates the lease, vehicle-selections the software, supplies an approval again to the supplier spouse, and accurately pre-fills the lease deal in seconds. Automated approvals ordinarily come about in just a couple of seconds, and buyers can even add supporting documents through their cell gadget.

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

For more information, pay a visit to www.musaautofinance.com.

About defi Remedies

defi Solutions partners with captives, banking institutions, credit history unions, and finance corporations of all kinds and sizes to assist loan providers completely transform their functions.

The firm’s in depth suite of close-to-close originations, servicing, and analytics alternatives, with each other with technological innovation-enabled processing products and services, are versatile, configurable, and scalable to handle the ever-evolving requires of loan providers and borrowers.

defi Options combines the abilities of defi Answers and the former Sagent Auto Lending with the backing of Warburg Pincus, Bain Capital Ventures and Fiserv. For a lot more details, visit www.defisolutions.com.

Ahead-Searching STATEMENTS

This news release is made up of ahead-seeking statements relating to the Business and other statements that are not historic info. Ahead-searching statements are normally determined by phrases this kind of as “will”, “could”, “must”, “anticipate”, “expects” and identical expressions. All statements other than statements of historical truth, included in this release, together with, with out limitation, statements relating to long run options and targets of the Business, are ahead wanting statements that require threats and uncertainties. There can be no assurance that these types of statements will confirm to be precise and precise effects and long term events could differ materially from these expected in such statements.

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This push launch does not represent an supply to provide or a solicitation of an offer to invest in any of the securities in the United States. The securities have not been and will not be registered less than the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any condition securities guidelines and may perhaps not be offered or sold in just the United States unless of course registered beneath the U.S. Securities Act and relevant condition securities regulations, until an exemption from such registration is obtainable.

Supply MUSA Auto Finance

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