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DEL MAR RECOVERY SOLUTIONS ANNOUNCES CORPORATE REBRANDING AND STRATEGIC INITIATIVES TO SUPPORT GROWTH PLAN
Release Date: Tuesday, September 12, 2017
CARLSBAD, Calif. /PRNewswire/ -- Del Mar Recovery Solutions (“Del Mar” or the “Company”), a leader in national repossession management, skiptracing, remarketing, license plate recognition, and specialty recovery services is making significant strategic investments to support its growth plan.

Del Mar has successfully completed a comprehensive rebranding effort. The redesigned Del Mar Recovery Solutions logo and website showcase a fresh look for the Company and utilizes a responsive and easy-to-navigate website design. “Del Mar has experienced significant growth over the years, all while continuing with the focus of our core mission: providing high quality and compliant recovery services for financial institutions. The time to freshen up our look is now in order to better align ourselves during these exciting changes in our industry.” said Josh Elias, CEO. “Del Mar Recovery Solutions is known for its relentless passion and commitment to the services it offers which is attributable to its employees, clients, and partners who all make the Company a leader in the automotive asset recovery sector.
The bold look is part of a transformation to increase awareness in the marketplace and emphasize the large role our Company plays in compliance, quality, and oversight in the industry. The redesigned website incorporates the look and feel of the new Del Mar brand and serves as an informational resource that incorporates success stories and competitive information.

As part of establishing Del Mar as a leader in the industry, the Company has made the following
additions to its senior leadership team over the past 12 months:
 Ren Zamora – Chief Financial Officer and Chief Risk Officer
 Jeff Rau – Senior Vice President of Business Development, Strategy, and Vendor
Management
 Brian Elliott – Senior Vice President of Operations
 Julie Swanson – Controller
 Rod Browning – Information Technology Project Manager
 Deborah McDowell – Corporate Trainer
“The goal is to elevate the core attributes of the Del Mar brand, which will allow the Company to continue to innovate in an ever changing industry. Our leadership team continues to harness the power of the quality of service we provide. As our business evolves, the Company will continue to respond to customer demands by investing in leadership, processes, and systems as a part of that evolution,” added Elias.

In addition to the leadership additions, the Company has also begun to leverage subject matter experts, such as CARMA, Inc. for best in class compliance, audit, and risk management solutions. “Del Mar seeks excellence throughout the business.

By partnering with CARMA, Del Mar emphasizes its commitment to best-in-class compliance management,” said Ren Zamora, CFO and Chief Risk Officer. Last year Del Mar received a strategic investment from TZP Growth Partners I, L.P. (“TZP Growth”), a private equity firm focused on investments in growing services companies and part of the TZP Group family of funds. This partnership positioned Del Mar to stay focused on the development and implementation of forward thinking technologies, process improvements, additions to its leadership team, and expansion into other service offerings.

“Del Mar’s experienced management team, compelling value proposition, and commitment to compliance positions the business for continued growth in the automotive asset recovery sector,” said TZP Growth Partner, Rodney Eshelman.

During 2017, the Company more than doubled its office space in its corporate headquarters in Carlsbad, CA. The substantial additional capacity provides Del Mar with the ability to expand with its existing clients as well as add resources for new clients. “Del Mar has found tremendous success in hiring and retaining quality employees in North County, San Diego, California. We will continue to focus on leveraging this unique labor pool in the Southern California marketplace to deliver superior service to our customers,” stated Hillary Reggiani, AVP Human Resources. With an entrepreneurial spirit, Del Mar was founded in 2011 and has increased its array of services during the course of the past 6 years to be at the forefront of national auto repossession management. Del Mar has experienced consistent success through its development of relationships with auto lenders and financial institutions, repossession agencies, and technology partnerships.

In 2017, the Company also embarked on a Service Organization Controls (SOC 2) Type II audit with a PCAOB registered and licensed CPA firm. The objective of the SOC 2 audit is to convey trust and assurance to users of the system that Del Mar has deployed an effective internal control system to effectively mitigate operational and compliance risks that the system may represent to its users.
As the auto finance industry continues to grow, the Company will remain focused on the execution of its core values which include the development of its staff, training, compliance, technological innovation, and compliance initiatives, all in an effort to maintain its best-in-class automotive asset recovery services.
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