Prestige Financial Services stops originations
Financier’s portfolio stood at $1.2B at yearend 2024
Prestige Financial Services on Nov. 20 will cease originations activity, according to an email the company is circulating to dealerships and that was obtained by Auto Finance News today. The email states that “after careful consideration, Prestige has made the decision to stop new originations and will transition into a servicing-only business.” Prestige President Richard Hyde declined to comment or provide further information in response to an AFN inquiry […]
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