Consumer Portfolio Services, Inc. Appoints Michael T. Lavin as Chief Operating Officer
March 01, 2019 at 04:02 pm
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Consumer Portfolio Services, Inc. have appointed Michael T. Lavin as chief operating officer, effective February 25, 2019. Mr. Lavin has been Executive Vice President - Chief Legal Officer since March 2014, and continues in that role. Prior to March 2014, he was Senior Vice President – General Counsel since March 2013, Senior Vice President and Corporate Counsel since May 2009 and Vice President- Legal since joining the Company in November of 2001.
Consumer Portfolio Services, Inc. is a specialty finance company. The Companyâs business is to provide purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers. It serves as an alternative source of financing for dealers, facilitating sales to customers from traditional sources, such as commercial banks, credit unions, and the finance companies affiliated with automobile manufacturers. It also originates vehicle purchase money loans by lending directly to consumers. It offers over eight different financing programs and prices each program according to relative credit risk. Its financing programs include First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
CONSUMER PORTFOLIO SERVICES, INC. 
