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World Omni Financial Corp. Positioned for Continued Growth
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Deerfield Beach, Fla. - After one of the best years in its history, World Omni Financial Corp. (World Omni), a diversified financial services company, located in Deerfield Beach, has further positioned itself for continued growth in 2007.
Backed by a cluster of industry-leading, third-party servicing companies including DataScan Field Services (DFS), CenterOne Financial Services LLC (CenterOne), DataScan Technologies LLC (DataScan) and Monetrics, World Omni has made strategic moves to enhance its market leadership position through improved technology and by leveraging its 25 years of experience and scale to produce exceptional results for its clients.
"Each of our third-party businesses are considered to be "best-in-class" in their respective areas," said Frank Armstrong, senior vice president, World Omni and president and CEO of DataScan. "Combined, through our solid infrastructure of talented associates, processes and investments in technology, we are able to offer our clients economies of scale unmatched in the industry."
World Omni's third-party servicing businesses provide a broad range of financial products and services for consumers, dealers and lenders:
DataScan Field Services
Continuously delivering impressive results, DFS, the largest floorplan audit and vehicle inspection company in the industry, operates a network of over 500 field specialists, visiting over 10,000 dealers and thousands of consumers, monthly. The company, which recently expanded its services into Canada, is now positioned to better serve its clients utilizing an enhanced technological platform and an international team of knowledgeable associates.
DFS conducts about 10,500 audits per month. The majority of those, more than 85 percent, are new and used automobile dealers. The remaining are recreational vehicles, marine, material handling, construction equipment and lawn and garden dealers. DFS visits 25 percent of all new car stores in the U.S. on a monthly basis.
"We are the market leader in mobile, one-at-a-time inspections," said Armstrong. "Our hands-on approach is what sets us apart. It offers clients a greater level of satisfaction," he added.
CenterOne Financial Services
Leveraging more than two decades of experience in the automotive industry, CenterOne provides state-of-the-art servicing solutions including originations, loan and lease servicing, collections, pro-active remarketing, vehicle remarketing, and back-up servicing. In addition, the company now provides clients with groundbreaking sales, collections, leadership, customer service and compliance and regulations training designed to increase sales potential while building strong, reliable sales strategies and skills that promote growth and additional profits.
Also an industry leader, CenterOne, whose Standard & Poor's STRONG auto servicer rating was recently reaffirmed, has maintained the rating since 2004.
DataScan Technologies
DataScan, a global leader in wholesale finance accounting and risk management systems and services specializes in floorplan solutions. DataScan has revolutionized the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access. The first to market dealership Internet solutions for wholesale financial institutions, DataScan enables closer electronic communications between the lender and the dealer.
Monetrics, LLC
Monetrics is a leader in automated risk decisioning and analytics and combines years of auto finance experience with clients' best practices, providing them with the tools to deliver higher levels of risk-based decisions without sacrificing accuracy.
"Through this series of tactical business initiatives, World Omni's third-party servicing solutions have grown exponentially," noted Armstrong. "We will not rest on our laurels. We will continue to invest heavily in technology and our people, our most important asset, to give us the competitive advantage we need to maintain our position as a market leader."
About World Omni Financial Corp.
World Omni Financial Corp. (World Omni) (www.worldomni.com) is a diversified financial services company, headquartered in Deerfield Beach, Fla. World Omni provides a broad range of financial products and services to consumers, dealers, and lenders. The company has maintained its Standard & Poor's STRONG auto servicer rating as a consumer finance, automobile loan and lease servicer since 2004. World Omni's primary businesses include Southeast Toyota Finance, offering automotive financial products and services to Southeast Toyota Distributors, LLC dealerships; CenterOne Financial Services LLC (www.centeronefinancial.com), a provider of innovative third-party servicing solutions designed to improve the performance of client portfolios; DataScan Technologies LLC (www.datascantech.com), a global leader in wholesale floorplan accounting and risk management systems and services; DataScan Field Services (www.datascanfieldservices.com), the largest floorplan audit and vehicle inspection company in the industry; and Monetrics (www.monetrics.com), a leader in automated risk decisioning software and analytics.
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