Westlake Financial
Provides auto financing and loan servicing for dealerships and consumers.
Company facts
- Founded
- 1978
- Employees
- 5,000
- Headquarters
- United States
- Type
- Private
- Funding
- Corporate Round · 2011
- Subsidiaries
- Western Funding, Westlake Portfolio Management, Westlake Flooring Services, Wilshire Consumer Credit, CULA
About
Westlake Financial, established in 1988, is a technology-based, privately-held finance company headquartered in Los Angeles, California. It specializes in the acquisition and servicing of automotive retail installment contracts across prime, sub-prime, and non-prime segments. A leader in automotive financing, Westlake provides a unique credit approval process that allows dealers to gain loan approvals instantly through their proprietary system known as 'The Buy Program'. Westlake partnered with a network of over 21,000 new and used car dealerships throughout the United States, facilitating efficient financing solutions for consumers. All collections and servicing operations are conducted in-house from their central Los Angeles facility. Westlake's commitment to sustainability and innovation has propelled its growth, allowing it to enhance services continuously while adapting to the dynamic automotive finance landscape. With more than 1,200 employees, Westlake emphasizes being customer-focused, fostering relationships with both dealers and customers to enable a seamless financing experience. The company prides itself on leveraging technology to streamline processes and improve customer service, solidifying its position as a trusted lender in the automotive industry.