Executive Change: Triad Financial Names Stephen Smith as Director of Portfolio Servicing

NORTH RICHLAND HILLS, Texas – Triad Financial today announced that Stephen Smith will oversee the company’s third-party servicing efforts. In his role as director of Portfolio Servicing, Smith will manage Triad’s business development initiatives, client relations and the daily operations of servicing clients’ consumer vehicle loans.

Smith joined Triad in January 2008 as a Risk Management leader. He brings nearly 20 years of financial services experience, including nine years at Auto One Acceptance Corp. in Dallas, Texas, where he served as manager of loan servicing and later as vice president and compliance officer. Prior to joining Triad, Smith managed American Bank, N.A., in Dallas as the bank’s senior vice president.

Scott France, senior vice president of Portfolio Management at Triad, says, “I believe Steve is the right person to help us shape our future as a top third-party servicer. He understands our clients’ needs, because he’s walked in their shoes. With experience on both the client and outsourcing sides, Steve lends a unique perspective that will serve Triad very well.”

Smith is equally as excited about the company’s future. “I plan to help grow Triad’s third-party servicing into a sustainable business that is one of the strongest in the industry,” he says. “Triad’s 20-year track record of successful portfolio management is no accident. Our expert staff, large scale, proven technology and established relationships are the reasons behind our results – and I look forward to showing more clients how we can help maximize their profits too.”

As part of Smith’s new role, he will appear at several trade shows in 2009, including the upcoming Texas Credit Union League’s 75th Annual Meeting and Exposition. This event, held April 14-17 at the Hilton Austin, will welcome about 1,500 credit union leaders and employees from across the state. Triad invites attendees to visit their booth (No. 614), meet Smith and other company leaders, and learn more about their services.

About Triad Financial
Founded in 1989, Triad Financial provides superior vehicle loan servicing for finance companies, auto dealers, credit unions, investors and other third-party servicers. The company offers specialty expertise in non-prime accounts and has serviced more than 1 million collateralized loans across the full credit spectrum over the past 10 years alone. Services include title and records management, account administration, customer service, payment processing, insurance claims processing, collections, bankruptcy management, repossession management, asset remarketing, and loss recovery.

Triad has more than 800 employees and the financial strength of approximately $2.5 billion in managed receivables. The company’s headquarters and main servicing center are in North Richland Hills, Texas, with a regional office in Huntington Beach, Calif. For more information, visit www.TriadServicing.com.