Roadrunner Financial added 100 employees to its growing business throughout 2019, bringing the total number of staff to 175, Jon Vestal, vice president of sales, powersports and outdoor power equipment, told Powersports Finance.
The employee growth was scattered across multiple departments, but majority of the new staff is allocated to servicing operations and technology, Vestal said. “We’re always iterating [our] technology to be better, faster, stronger, and more reliable,” he said. “We are also innovating, whether it’s in [technology] or another department.”
In addition to Roadrunner’s New York headquarters, the lender added employees to its Dallas-based office, which is twice the size of New York’s and handles servicing, loan processing and operations.
Another driver of growth for the company was its $210.9 million securitization in November 2019. Roadrunner had planned to securitize in 2020, but completed its first transaction ahead of schedule, Vestal said, noting Roadrunner is planning to close two ABS deals by yearend.
Roadrunner Financial provides retail loan programs for OEMs such as BRP, Triumph and Kymco.
