Quiktrak announced they have entered into an agreement with Westlake Flooring Services, a full-spectrum auto finance company, to provide field auditing services .
Westlake has experienced tremendous growth in just a few short months since launching a full-service dealer flooring product. Westlake will utilize Quiktrak’s field auditors to conduct physical audits of dealer inventory while Quiktrak’s Revoquest system will allow Westlake to manage the audit process and analyze dealer risk.
“Working with Quiktrak has allowed us to focus on growing the business,” says Pat Amato, VP of Westlake. “Audits are an integral part of our review process and we rely heavily on the notes and results that we receive. Quiktrak has been reliable and open to our suggestions. It is great to work with a company that communicates well, and Quiktrak really embodies this. We have always received answers to our questions and requests quickly. We look forward to leveraging this relationship to continue to grow and monitor our portfolios.”
“We are delighted to have been selected by Westlake Flooring Services as their audit services provider,” said Greg Froomer, CEO of Quiktrak. “We are excited about the opportunity to work with Westlake and are confident our service and technology offering will add tremendous value to their audit risk management department.”
Westlake Flooring Services is an internet based, privately held finance company that specializes in the acquisition and servicing of sub-prime to prime automotive retail installment contracts. Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 15,000 new and used car dealers throughout the United States. Westlake also offers portfolio purchasing through their ALPS division (Advanced Lending & Portfolio Services). Direct to consumer title loans and unsecured loans are done through Westlake’s wholly owned subsidiary, Wilshire Consumer Credit. All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.
Headquartered in Beaverton, Oregon, Quiktrak is a leading provider of due diligence field services, including field inspection, asset verification reports, floor plan inventory auditing and technology solutions. Founded in 1991, Quiktrak utilizes cutting-edge Android™ mobile technology and a network of more than 500 strategically placed inspectors to provide the industry’s most reliable and trusted asset verification solution. Quiktrak risk management field services help protect the assets of leading commercial lenders and asset finance companies, including captive finance and wholesale credit groups in the US, Canada and Europe.