GreatAmerica Announces Portfolio Servicing Business
on Wednesday, October 06, 2010
(Cedar Rapids, Iowa) – GreatAmerica Leasing Corporation announced today that it has expanded its operations to include a focused portfolio servicing business unit. The newly formed GreatAmerica Portfolio Services Group LLC will target organizations seeking secure and competent portfolio management. The new group will offer a suite of portfolio services, including back-up, third party, and successor servicing.
“Our operational model is highly regarded in the industry and has a reputation for delivering outstanding results,” said GreatAmerica Chairman and CEO Tony Golobic. “Additionally, our consistent activity and strong performance in the capital markets has influenced our decision to move in this direction.”
Joe Andries, a 23-year veteran of equipment financing and portfolio servicing, will be the Vice President and General Manager of the GreatAmerica Portfolio Services Group. Brett Steffen, who has been with GreatAmerica for 14 years, will serve as Vice President of Operations.
GreatAmerica has a proven success record of performing at levels better than industry standards and currently services a portfolio of over 113,000 contracts. GreatAmerica has in excess of $1.1 billion in assets.
GreatAmerica Leasing Corporation was founded in Cedar Rapids, Iowa in 1992. GreatAmerica is a national commercial equipment finance company dedicated to supporting customers in a number of select niche markets. GreatAmerica provides financing services in all fifty states and some U.S. Territories. GreatAmerica has a staff of over 300 employees with offices in Iowa, Minnesota, Missouri, and Georgia. www.greatamerica.com