Westlake Portfolio Management (WPM), a subsidiary loan servicing company of Westlake Technology Holdings, has entered into a servicing agreement with Mechanics Bank Auto Finance (MBAF) to oversee and manage their portfolio consisting of active and charged-off auto loans, effective May 1, 2025. Sharpening their focus on commercial, small-business and single-family lending, the California-based Mechanics Bank discontinued originating indirect auto loans in early 2023.

WPM will use the latest technology and strict compliance standards to efficiently manage Mechanics Bank’s portfolio so the bank’s customers experience smooth and reliable service. Backed by decades of servicing experience in the industry, the company tailors its services to fit each client’s goals and can easily scale as those needs grow, all while remaining consistently reliable.

“We are excited to partner with Mechanics Bank Auto Finance and bring our full-service portfolio management expertise to their auto finance business,” said Todd Laruffa, Vice President at Westlake Portfolio Management. “Our proven track record in managing auto loan portfolios will allow us to provide seamless, top-tier service to Mechanics Bank’s customers while supporting their long-term financial objectives.”

Mechanics Bank customers should receive both letters and emails announcing the servicing transition to WPM.