Location Services enters into exclusive strategic partnership with Allied Solutions and acquires MOXKOR, formerly Remarketing of America
FOLSOM, Calif., Oct. 3, 2018 /PRNewswire/ -- Location Services, LLC a premier provider of loss-mitigation outsource solutions for the financial service industry announced today the exclusive partnership with Allied Solutions and the acquisition of MOXKOR, formerly Remarketing of America. Allied Solutions is one of the largest providers of insurance, lending and marketing products to financial institutions. MOXKOR is a premier, full service risk management provider, combining its expertise and automation capabilities with a centralized source of tools and resources to improve portfolio performance. The partnership with Allied Solutions and acquisition of MOXKOR will streamline the servicing process for thousands of credit unions and banking associates, making it seamless to manage, secure and liquidate vehicle collateral.
The services provided by Locations Services will allow credit unions, banks and other financial institutions the ability to have one company manage the entire loss mitigation process including skip-locate, recovery, account administration, license plate digital technology, transportation and remarketing.
"During my time in the banking industry, there was a clear and distinct need for a single service provider to serve as a one-stop-solution, that could service financial institutions in a way that reduced compliance risk, while at the same time increasing recovery and liquidation rates," said Lee McCarty, CEO, Location Services. "Our team will be positioned with our suite of loss mitigation service offerings to ensure customers in New York are receiving the same efficient, effective and compliant services as those customers in California and Hawaii."
The exclusive partnership between Allied Solutions and Location Services is unique and based on mutual trust and respect. "We are excited to partner with Location Services as they bring a true 'best-in-class' multi-market solution to this area of our business," said Pete Hilger, CEO, Allied Solutions. "Their business model will allow us to offer our clients a direct end-to-end loss mitigation experience that just wasn't possible before, creating a new level of efficiency for Allied and our clients."
Location Services has very strategically built its team around banking industry leaders. "We are proud that Location Services leadership and management team members have extensive banking industry experience and deep knowledge of State and Federal regulatory requirements. This uniquely positions and differentiates Location Services in this highly regulated outsource industry," said McCarty. "Moreover, Allied Solutions is renowned for meeting the needs of their clients, which fits perfectly with our performance- and compliance-based culture, our focus on analytics and process rigor, and our commitment to deliver the most efficient, effective and compliant services in the loss mitigation industry."
About Location Services
Location Services, LLC is owned by Delaware Street Capital (DSC,) an investment group, who over the past 50 years have invested billions of dollars in business acquisitions. DSC provides unprecedented financial strength to Location Services, ensuring Location Services provides efficient, effective and compliant repossessions management and loss mitigation services and solutions, including:
- Skip Locate
- Collateral Recovery
- Impound Services
- License Plate Recognition
- Locksmith Services
- Transportation Services
- Remarketing Services
- Product Cancellations
- Title Services
- Administrative Services
Location Services offers a full range of services in the auto financial services industry, backed by best-in-class compliance, performance accountability and cutting-edge digital technology.
About Allied Solutions
Allied Solutions, LLC is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology-based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains over 15 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc.
SOURCE Location Services, LLC
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