DriveTime launches third party servicer

Buy-here, pay-here lender DriveTime has announced the launch of Bridgecrest Acceptance Company, a licensed third-party servicer, servicing loans for DriveTime and other affiliated finance companies.

“We are committed to fostering innovation and developing new business models to best serve our customers,” said Greg Sax, vice president of DriveTime. “The company’s formation marks the next phase in DriveTime’s evolution as a company that couples a stellar dealership experience with an integrated finance company.”

All retroactive and new loans that were previously serviced by DriveTime Acceptance Corporation will now be serviced by Bridgecrest Acceptance Company. Over 220,000 customers currently being serviced by DriveTime are scheduled to make the transition, which the company says will ensure, “a world-class customer service experience.

Based out of Mesa, Arizona, Bridgecrest expects to hire a minimum of 20 people each month in both Mesa and Dallas, Texas through the end of the year to fulfill their growing loan servicing needs.