Author Archives: Joe Mappes

Nashville, Tennessee –Primeritus Financial Services, Inc., (PFS) today announced Jason Herman as Senior Vice President of Remarketing, effective immediately. In this role, he will lead the company’s Remarketing and Ancillary Service Operations. PFS is the nation’s leading service provider of recovery management, skip tracing, and remarketing services to the auto finance and insurance services industry. In his new position, Herman will report to Joe Mappes, Chief Revenue Officer of Primeritus Financial Services, Inc., and will join the senior leadership team. Mappes stated, “Jason is a tenured operations executive with a proven track record in managing all aspects of the asset management lifecycle. He brings a substantial amount of expertise on a national level, manages remarketing teams, and builds out customized solutions for auto finance institutions. Furthermore, Jason’s deep knowledge and expertise in the financial services industry will be an asset to our company, partners, and customers.” Herman comes to Primeritus … Continued

Nashville, Tennessee – Primeritus Financial Services, Inc., the leading service provider of recovery management, skip tracing, and remarketing services to the auto finance industry, reports that Joe Mappes has been appointed its first Chief Revenue Officer, effective immediately. As Chief Revenue Officer, Mr. Mappes’ responsibilities will be expanded to include all of Primeritus’ operating businesses. Mr. Mappes will continue to report to Chris McGinness, Primeritus Financial Services Chief Executive Officer. Joe Mappes will lead the enterprise sales, client services, and remarketing teams for Primeritus and its family of companies. He previously served as the company’s Executive Vice President of Sales, Service, and Marketing. Mappes has been with the company since it launched in 2012 and has held various leadership roles in the wholesale automotive auction and third-party servicing industries over the last 18 years. Announcing the appointment, Mr. McGinness said, “We are very pleased to announce Joe’s well-deserved promotion in … Continued

Nashville, Tennessee – Primeritus Financial Services, Inc., the leading service provider of recovery management, skip tracing, and remarketing services to the auto finance industry, reports two promotions within the Primeritus Family of Companies. Jessica Rosselli, Vice President of Business Development for the Primeritus Family of Companies, announces Rebecca McCutcheon’s promotion to Director, Client Services for the Primeritus Family of Companies and Breanna Ross to Manager, Sales & Service for Repo Remarketing. “Rebecca McCutcheon joined Repo Remarketing in 2010, and during the past decade has worked in various roles and departments throughout the organization,” Rosselli states. “Rebecca took the role of Manager of Sales and Service when Repo Remarketing was acquired by Primeritus Financial Services, and has developed client partnerships within Repo Remarketing. Her experience and industry knowledge is often utilized as a resource internally and externally for guidance on processes, support and industry best practices. Rosselli continues, “Breanna Ross has … Continued

Primeritus Financial Services today announced that Chris McGinness has been appointed its first Chief Operating Officer, effective immediately. As Chief Operating Officer, Mr. McGinness’ responsibilities will be expanded to include all of Primeritus’ operating businesses. Mr. McGinness will continue to report to Mike Thomas, Primeritus Financial Services Chief Executive Officer. Mr. McGinness has more than 20 years combined leadership experience in business operations and has served in numerous senior management roles across the automotive services industry. This promotion is part of the company’s commitment to ensure continuous improvement and acceleration of operational excellence. As Chief Operating Officer, Mr. McGinness will have the responsibility to lead in the development and execution of a consolidated operations strategy across all of the Primeritus entities. Announcing the appointment, Mr. Thomas said, “We are very pleased to announce Chris’ promotion to the position of Chief Operating Officer at Primeritus. The Primeritus Family now encompasses five … Continued

Primeritus Financial Services is pleased to announce they were the first supplier to receive the Recovery Services Excellence Award from Toyota Financial Services (TFS). This is Toyota’s most recent supplier recognition program for fiscal year 2018. The program is intended to drive performance results in a competitive spirit amongst Toyota’s recovery service vendors. The award recognizes a vendor’s performance in results, compliance, and overall partnership, and includes a trophy which travels quarterly for display in each recipient’s home office. “It’s truly an honor to have been the first to receive the ‘Recovery Services Excellence Award’ from TFS,” said Scott Peters, President and CEO. “But it’s far from an individual achievement. This award is a testament to the combined power of great vendor and lender partnerships, and a values-driven culture within Primeritus. We’re eager to continue advancing our continuous process and technology improvements and playing a meaningful role within the industry.” … Continued

Security National Automotive Acceptance Company (SNAAC), a non-prime auto finance company, and Primeritus Financial Services, Inc., the leading service provider of recovery management, skip tracing, and remarketing services to the auto finance industry, today, announced their collaborative partnership. Primeritus will provide SNAAC their full-suite of remarketing services for SNAAC’s automotive portfolio. “Primeritus has a solid reputation in the industry by helping auto finance companies improve their remarketing strategies and obtaining the highest returns in the auction lanes,” says Chris Mitcham, Senior Vice President of Collections with SNAAC. “SNAAC is proud to partner with a company that will help us; improve our portfolio results, lower our overall days to sell, manage cost, experience premium lane placement, and participate in their vehicle certification process in order to obtain the highest vehicle retention value.” Keith Byrd, VP of Remarketing for Primeritus added, “The team at Primeritus is very excited and proud to partner … Continued

Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Capital Recovery Group, LLC (CRG). Based in Tucson, Arizona, CRG is the only recovery solution company dedicated solely to the powersports community. CRG, founded by Nic Spallas, Adam Jones, and Dennis Louderback, is the seventh acquisition by Primeritus since 2012. “We are very selective when considering potential acquisition targets, evaluating many different aspects of the company,” said Scott Peters, President, and CEO of Primeritus. “We were very impressed when we talked to the team at CRG and knew right away that this would be a great addition to the Primeritus Family of Companies.” Chris McGinness, SVP of Operations for Primeritus added, “CRG has an excellent reputation within the powersports industry. We look forward to working with their team to enhance … Continued

Primeritus Financial Services, Inc., the leading provider of recovery management, skip tracing and remarketing services for the auto finance industry in the U.S., today announced that it has received Ally Financial’s 2017 Supplier of the Year award. “We are honored to have received such a prestigious award from Ally. I could not be more proud of our team for their hard work and the commitment to excellence that it took to achieve this. We have enjoyed a strong relationship with Ally and are excited to see this grow in the future.” said Chris McGinness, SVP of Operations for Primeritus. “We have made a concerted effort to deliver sustained results for Ally.” “It’s extremely rewarding to be recognized as an industry leader by Ally,” said Joe Mappes, EVP Client Services and Sales, Primeritus. “Our teams have worked very hard in developing a trusted relationship with Ally since we started working together … Continued