Concierge Financial Services, a refinance loan broker, is planning to secure new partnerships with a variety of lenders following a “stable” year, Thomas Domin, chief executive and founder, told Powersports Finance.
“2017 was a pretty stable year across the board,” Domin said. “We have been spending a lot of time with other companies as far as partnerships. When you’re looking to partner there’s a lot of due diligence involved, so the business was stable throughout 2017. We have chipped away in regards to completing non-disclosures and contracts with these possible new partnerships that will be created.”
The company works directly with consumers to find them lower rates on vehicle loans and originates loans on behalf of the lenders. Concierge also has a processing unit which takes documentation and information in the name of the lender. Concierge is looking to find partners who may need help in these areas, Jon Krumdick, manager and principal consultant at Revolution Lending Solutions, and who works with Concierge to develop new business channels, told Powersports Finance.
“We’re looking to take [our] established process, which has helped the Concierge brand build and, ultimately, start offering that package out to finance companies that are emerging,” Krumdick said. “Some finance companies are very proud and adept at servicing a transaction once it’s booked, but they ultimately may not have the resources or the expertise to originate and close those transactions and then get them into that servicing pipeline.”
Concierge is talking to “a few” different companies that range from large-scale financiers to preowned auto leasing providers, Krumdick said. Concierge was unable to disclose the names of the companies due to NDAs.
Frankfort, Ill.-based Concierge Financial Services, founded in 2013, is a national finance and insurance marketing firm that focuses on auto, motorcycle, marine, RV, and airplane refinancing. The company acts as an aggregator, connecting consumers with its marketplace of lender partners to obtain lower-interest financing. Concierge also manages marketing and advertising efforts for its lender clients.