Patrick Inks
Lead Credit Officer - Vice President
- Role
- Vice President of Credit and Collections at NextGear Capital by Cox Automotive
- Location
- Indianapolis, IN, US
- LinkedIn followers
- 500 followers
About Patrick Inks
My focus is hiring, training, supporting, and developing my team to creating new leaders;…
Experience
Vice President of Credit and Collections
NextGear Capital by Cox Automotive
Jun 2015 — Present · Indianapolis, IN, US
Analyzed previous portfolio unprofitable growth goals and Created New Profitable Strategy and INCREASED EBITDA by $120M through SIGNIFICANT LESS LOAN LOSSES and Risk Based Pricing to INCREASE OUR PORTFOLIO YIELD while maintaining/increasing volume- Manage $8B in outstanding Lines of Credit, 65 Underwriters and Loan Servicing Specialists to process over applications and line modification requests, and over email messages annually- Improved Application Decision time from 7 days to 1 day- First to LAUNCH AUTODECISION system in Inventory Financing/Floorplanning Industry- Championed PD*LGD*EAD Loss Forecasting and Stress Testing Modeling- Developed & Implemented the following Major Enhancements to Client Onboarding Process- Custom Risk Score with over 86% predictability - Risk Based Pricing - New iGnition Salesforce Loan Origination System with Auto-Decision and E-Contracting- 2 Largest Competitors utilize my department\'s underwriting for their loan decisions
Education
University of Nevada, Reno
Master of Business Administration - MBA, Business Administration and Management, General
University of Nevada, Reno
MBA, Business
2006 — 2008
Indiana University - Kelley School of Business
BS, Finance
1984 — 1988
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