Centrix Financial reaches auto loan origination milestone

<p>ENGLEWOOD, Colo. – Centrix Financial, LLC’s Portfolio Management Program (PMP), a special financial auto loan program, reached the $300 million in loan originations mark. The CentrixT PMP was introduced in 1998. It offers a turnkey special financial auto loan program with high returns and exclusive insurance coverage that protects lenders against potential principal loss. PMP has been marketed chiefly to credit unions as an alternative to in-house risk-based lending programs and positioned as a product that offers CUs the opportunity to safely extend auto loan services to members with a blemished credit history. Centrix Financial Chairman and CEO Robert Sutton said the PMP “reduces the risk of loss to the equivalency of “A” rated auto loan paper, while generating double-digit returns.” He called the PMP “a new paradigm in special finance lending.</p>