Frank Mercer - Founder & Managing Member

    

  • Co-Founder President & COO for ACC Consumer Finance LLC.  Full P&L responsibility for start up and operating this San Diego based automotive finance company that provided third party sub-prime originations to credit union industry. ACC was sold in early 2007 and the new management team made the decision to exit servicing the credit union industry.  
  • Chief Credit Officer and Group Director of Sales and Credit Operations for Household Auto Finance (now HSBC), responsible for originating $5 billion in assets with 635 employees; net after-tax profits of $120 million per year. Frank’s group averaged funding 24,000 contracts per month. 
  • Senior Vice President, Consumer Lending for Imperial Savings Association, responsible for executive management of all consumer lending activities for this 132 branch savings and loan. P&L responsibility for the consumer lending division.  Implemented a centralized processing and buying center that reduced expenses and provided more consistency in credit decisions. 
  • Over thirty five years of consumer lending experience of which twenty five years were at the senior and executive management levels. Twenty years experience buying indirect sub-prime and non-prime automobile installment contracts from franchised and independent auto dealers across the United States.
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