SFG Finance Announces 2012 Broker Incentive Contest

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SFG Finance (http://www.sfgfinance.com), an active purchaser of auto finance receivables, today announced the launch of its 2012 Broker Incentive Contest.

SFG Finance (http://www.sfgfinance.com), an active purchaser of auto finance receivables, today announced the launch of its 2012 Broker Incentive Contest.

Phase One of the contest runs from January 1 to June 30, 2012. The first place prize will be awarded to the broker with the highest dollar amount funded between January 1 and June 30, 2012. The winner will receive a 7-day trip for two to Hawaii, or a Caribbean Cruise. The prize includes air fare, hotel or cruise package, and $1,000.00 in spending money.

Phase Two of the contest is for the Broker of Year, and runs from January 1, 2012, through the end of the year – December 31, 2012. The Grand Prize will be awarded to the broker with the highest dollar amount funded for 2012. The winner will receive the choice of a 10-day trip for two to Hawaii or a cruise to Europe. The Grand Prize includes air fare, hotel or cruise package, and $2,000.00 in spending money.
“Our brokers have been an integral part of our record growth in 2011. We look forward to even more expansion in 2012, and our brokers play a major role in helping us achieve that goal. For that reason, we want to thank our brokers for the valued services that they have provided to us over the past several years, and offer them this exciting contest” said SFG Finance COO Henry Gonzalez.

SFG Finance recently launched a nationwide program to purchase existing near prime, subprime, and BHPH auto loan portfolios from franchised and independent auto dealers, as well as finance companies. Portfolio sizes range from $500,000 to $150 million, servicing released; all portfolios are held on balance sheet and serviced internally.
The program is highly efficient with a 7-10 day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since the inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies in more than 30 states.

Funding is made possible by SFG’s parent bank, with the added advantage of no need to securitize plus a more stable cost of funds. SFG Finance offers complete transparency and up-front pricing based its superior analytics. A due diligence team will evaluate all loans to maximize selling dealers return without interrupting the dealership’s existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finance’s tagline is: Turning Paper into Profit … One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nation’s largest independent banks with $3.2 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The company’s aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.

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William Donnelly
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