Loss mitigation’s top names. Working as one.

Revolutionary Approach

All-In-One Provider

National

Direct

Top Talent

Cutting-Edge Technology

Compliance Driven

Performance

Stronger Together.

Location Services is revolutionizing loss mitigation for the financial services industry. We are now the largest, national, direct provider of loss mitigation solutions — everything from loan refinancing to license plate recognition, recovery, skip location, transportation, remarketing and more. Our approach transforms loss mitigation, bringing together top names in the industry: American Recovery Specialists of Florida; CARS Recovery Inc.; MOXKOR; Repossessors, Inc.; and Auto Approve. Uniting as one company gives you a convenient, single, direct, end-to-end solution with immediate, unrivaled access to best-in-class talent, coast-to-coast reach, cutting-edge digital technology and unparalleled compliance and accountability.

We Own It.

Loss mitigation is complex, time consuming and difficult to manage. There is a myriad of moving parts along with state and federal regulatory requirements to follow. But that’s our specialty. We are making moves to own every vehicle we drive and ensure every employee we hire is our own. This creates an unprecedented level of control so we can provide you with unsurpassed protection.

One Source. A Wide Array of Solutions.

Under one umbrella, we provide a complete suite of loss mitigation services:

Auto Loan Refinancing

By having your customers refinance through us, you can help them lower their payments while you grow your loan portfolio.

Skip Location

Leveraging seasoned investigators, internal analytics and industry-leading data modeling, we’re able to locate customers in real-time to quickly recover your missing vehicles and save you money.

License Plate Recognition

Using our own proprietary license plate recognition cameras and software, we’re able to locate your missing collateral.

Collateral Recovery

With standardized training, body cameras and a growing fleet of our own trucks spread across the country, we have the tools to not only repossess vehicles wherever they are, but to do it responsibly and in full compliance.

Locksmithing

We provide nationwide locksmith services, ranging from valet keys to specialty transponders and key fobs.

Transportation

Once we retrieve your vehicles, we can safely transport them to any destination for you. Our drivers are licensed, insured and use proprietary technologies such as our mobile app to provide immediate status updates. We also provide off-lease, salvage, power-sport and unique recreational and oversized collateral transportation services.

Remarketing

Get top dollar for your vehicles at auction. Let us manage your inventory through our nationwide auction partnerships. We can even repair, restore and renew your vehicles so they attract higher bids in the auction lanes.

Account Administration

We offer complete back office outsourcing solutions, including title processing, liens, asset monitoring, invoicing, sending compliance letters and more.

Title Services

Our legal staff can perform title searches, resolve purchase and sale disputes, negotiate contracts and assist with due diligence.

Product Cancellations

Let us easily prepare and file product cancellations directly with product providers on your behalf, minimizing paperwork and administration overhead for you.

One Source. A Wide Array of Solutions.

Under one umbrella, we provide a complete menu of loss mitigation services:

Auto Loan Refinancing

By having your customers refinance through us, you can help them lower their payments while you grow your loan portfolio.

Skip Location

Leveraging seasoned investigators, internal analytics and industry-leading data modeling, we’re able to locate customers in real-time to quickly recover your missing vehicles and save you money.

License Plate Recognition

Using our own proprietary license plate recognition cameras and software, we’re able to locate your missing collateral.

Collateral Recovery

With standardized training, body cameras and a growing fleet of our own trucks spread across the country, we have the tools to not only repossess vehicles wherever they are, but to do it responsibly and in full compliance.

Locksmithing

We provide nationwide locksmith services, ranging from valet keys to specialty transponders and key fobs.

Transportation

Once we retrieve your vehicles, we can safely transport them to any destination for you. Our drivers are licensed, insured and use proprietary technologies such as our mobile app to provide immediate status updates. We also provide off-lease, salvage, power-sport and unique recreational and oversized collateral transportation services.

Remarketing

Get top dollar for your vehicles at auction. Let us manage your inventory through our nationwide auction partnerships. We can even repair, restore and renew your vehicles so they attract higher bids in the auction lanes.

Account Administration

We offer complete back office outsourcing solutions, including title processing, liens, asset monitoring, invoicing, sending compliance letters and more.

Title Service

Our legal staff can perform title searches, resolve purchase and sale disputes, negotiate contracts and assist with due diligence.

Product Cancellations

Let us easily prepare and file product cancellations directly with product providers on your behalf, minimizing paperwork and administration overhead for you.

An Unmatched

Team of Experts

We know how financial institutions function because we used to work for them. This gives us an unrivaled, in-depth industry knowledge for loss mitigation.

Lee G. McCarty

Chief Executive Officer

Prior to becoming CEO of Location Services, Lee McCarty formed an independent consulting practice supporting private equity companies that focused on auto finance/consumer banking, collections, repossessions and loss mitigation. McCarty also spent 30 years at Ally Financial, ultimately holding leadership roles in several facets of the auto finance servicing business as Executive Vice President of Customer Care, Loss Mitigation (Deficiency, Bankruptcy & Legal Collections), and Collections of Ally’s U.S. auto and bank portfolios. He holds an Executive Master of Business Administration degree from the University of Notre Dame and a Bachelor of Science in business management with a minor in Economics.

Eric Gerdes

President and Chief Operating Officer
Eric Gerdes has over 20 years of auto finance expertise, with an emphasis on credit risk, finance, analytics, operations and compliance — all with Ally Financial (formerly GMAC). Prior to joining Location Services, Gerdes served as an executive for compliance at Ally Financial after numerous years serving as Executive Vice President of Loss Mitigation. He holds a Master of Business Administration degree from the Indiana University, Kelley School of Business and a Bachelor of Science in Business from Winona State University.

Jeremiah Worthington

Chief Transformation Officer
Previously Senior Vice President of Servicing Transformation at CIOX Health, Jeremiah Worthington was responsible for operational strategies that made use of workforce optimization and digital strategies. Before CIOX Health, Worthington spent more than 10 years at Ally Financial (formerly GMAC), holding various senior leadership roles in loss mitigation, special servicing, operational excellence and consumer systems. Prior to GMAC, Jeremiah spent several years at GE as a leader within their renowned Lean Six Sigma and Quality Management teams. He holds a Master of Business Administration, Operations Management degree from California State University, San Bernardino and a Bachelor of Business Administration in marketing from the University of California, Riverside.

Jerry Kroshus

Chief Client Relations Officer
Jerry Kroshus has nearly 30 years of experience in auto refinance, managing companies and teams that specialize in helping consumers find the best possible vehicle interest rates. He has served as President and CEO of Auto Approve as well as President and CEO of PAR North America. He has also held senior roles at HSBC Auto Finance and Citigroup after beginning his career at GMAC. He holds a Bachelor of Science in Business Administration from North Dakota State University.

Jim Smith

Chief Risk, Data & Analytics Officer
A strategic business leader who uses analytics to mitigate losses, drive profitable growth, and achieve business objectives, Jim Smith has over 20 years of banking and financial services experience. He has led large-scale teams with a focus in risk management, modeling and analytics.  Prior to Location Services, Jim served as Model Validation Executive at Ally Financial as well as Senior Vice President, Decision Sciences. He has also held risk and analytics leadership roles at GE Capital and U.S. Bank. Smith earned both a Doctor of Philosophy in Economics and a Master of Arts in Economics from the University of Cincinnati. He earned his Bachelor of Arts in Economics from Wilmington College.

Shawn B. White

Chief Compliance Officer
Before he was Chief Compliance Officer of Location Services, Shawn White served as Director of Collections at Exeter Finance, LLC, overseeing collection efforts for active, subprime auto portfolios. Before his tenure with Exeter Finance, White spent more than 10 years at Ally Financial Inc., holding various leadership and key operational support roles in Ally’s auto servicing business, including collections, loss mitigation and customer care. Shaw holds a Bachelor of Business Administration in finance from Eastern Michigan University.

Emory White

Regional Vice President – Specialized Account Servicing

Ron Keys

Regional Vice President – Recovery Operations

Chad Latvaaho

Regional Vice President – Recovery Operations

Chuck Palazzolo

Regional Vice President – Recovery Operations

An Unmatched

Team of Experts

We know how financial institutions function because we used to work for them. This gives us an unrivaled, in-depth industry knowledge for loss mitigation.

Lee G. McCarty | Chief Executive Officer

Prior to becoming CEO of Location Services, Lee McCarty formed an independent consulting practice supporting private equity companies that focused on auto finance/consumer banking, collections, repossessions and loss mitigation. McCarty also spent 30 years at Ally Financial, ultimately holding leadership roles in several facets of the auto finance servicing business as Executive Vice President of Customer Care, Loss Mitigation (Deficiency, Bankruptcy & Legal Collections), and Collections of Ally’s U.S. auto and bank portfolios. He holds an Executive Master of Business Administration degree from the University of Notre Dame and a Bachelor of Science in business management with a minor in Economics.

Eric Gerdes | President and Chief Operating Officer

Eric Gerdes has over 20 years of auto finance expertise, with an emphasis on credit risk, finance, analytics, operations and compliance — all with Ally Financial (formerly GMAC). Prior to joining Location Services, Gerdes served as an executive for compliance at Ally Financial after numerous years serving as Executive Vice President of Loss Mitigation. He holds a Master of Business Administration degree from the Indiana University, Kelley School of Business and a Bachelor of Science in Business from Winona State University.

Jeremiah Worthington | Chief Transformation Officer

Previously Senior Vice President of Servicing Transformation at CIOX Health, Jeremiah Worthington was responsible for operational strategies that made use of workforce optimization and digital strategies. Before CIOX Health, Worthington spent more than 10 years at Ally Financial (formerly GMAC), holding various senior leadership roles in loss mitigation, special servicing, operational excellence and consumer systems. Prior to GMAC, Jeremiah spent several years at GE as a leader within their renowned Lean Six Sigma and Quality Management teams. He holds a Master of Business Administration, Operations Management degree from California State University, San Bernardino and a Bachelor of Business Administration in marketing from the University of California, Riverside.

Jerry Kroshus | Chief Client Relations Officer

Jerry Kroshus has nearly 30 years of experience in auto refinance, managing companies and teams that specialize in helping consumers find the best possible vehicle interest rates. He has served as President and CEO of Auto Approve as well as President and CEO of PAR North America. He has also held senior roles at HSBC Auto Finance and Citigroup after beginning his career at GMAC. He holds a Bachelor of Science in Business Administration from North Dakota State University.

Jim Smith | Chief Risk, Data & Analytics Officer

A strategic business leader who uses analytics to mitigate losses, drive profitable growth, and achieve business objectives, Jim Smith has over 20 years of banking and financial services experience. He has led large-scale teams with a focus in risk management, modeling and analytics. Prior to Location Services, Jim served as Model Validation Executive at Ally Financial as well as Senior Vice President, Decision Sciences. He has also held risk and analytics leadership roles at GE Capital and U.S. Bank. Smith earned both a Doctor of Philosophy in Economics and a Master of Arts in Economics from the University of Cincinnati. He earned his Bachelor of Arts in Economics from Wilmington College.

Shawn B. White | Chief Compliance Officer

Before he was Chief Compliance Officer of Location Services, Shawn White served as Director of Collections at Exeter Finance, LLC, overseeing collection efforts for active, subprime auto portfolios. Before his tenure with Exeter Finance, White spent more than 10 years at Ally Financial Inc., holding various leadership and key operational support roles in Ally’s auto servicing business, including collections, loss mitigation and customer care. Shaw holds a Bachelor of Business Administration in finance from Eastern Michigan University.

Emory White

Regional Vice President – Specialized Account Servicing

Ron Keys

Regional Vice President – Recovery Operations

Chad Latvaaho

Regional Vice President – Recovery Operations

Chuck Palazzolo

Regional Vice President – Recovery Operations

Recoup Time and Money

Use Location Services’ unique loss mitigation process to recoup time and money. Complete the form and a representative will contact you on the next business day.

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Location Services

1-800-588-0097

2365 Iron Point Road, Folsom, CA 95630