Meet our team of auto finance veterans
Prior to serving as CEO of Skopos Financial, Mr. Porter was a senior advisor for financial services investing for Irving Place Capital (formerly BSMB) in New York. He focused on investment opportunities in emerging and growing specialty consumer finance markets, including nonprime auto, nonprime mortgage and nonprime consumer lending.
Beginning in October 2003, Mr. Porter was the Chairman and CEO of WMC Mortgage in Woodland Hills, California. WMC was an Apollo Management portfolio company as well as a Top 10 company in the nonprime, wholesale mortgage market. In June 2004, WMC was acquired by General Electric Capital (GE Capital).
From 1999 to 2003, Mr. Porter was Chairman and CEO of Wells Fargo Financial Services (WFF) in Des Moines, Iowa. Prior to his work at Wells Fargo, Mr. Porter was with GE Capital and held CEO and senior executive positions in automobile, private label credit card and commercial financing businesses. For five years prior to that, Mr. Porter was a management consultant with Booz, Allen and Hamilton.
Mr. Porter earned a bachelor’s degree from University of California, Davis, and a Master’s of Business Administration from Wharton.
Prior to serving as president of Skopos Financial, Mr. Prescher was co-founder and president of California Republic Bank’s auto finance division, CRB Auto. In just over 5 years, CRB Auto built an indirect auto finance platform, with a focus on service to both independent and franchised dealerships in 14 states. The company’s auto portfolio grew to more than $2.7 billion during his tenure.
Mr. Prescher has more than 30 years of experience in the financial services industry, including 18 years in various capacities at WFS Financial. During his tenure there, he led a nationwide growth and expansion of the indirect platform, oversaw the development of the first credit risk group, and was responsible for all indirect auto finance lending operations as EVP, National Production Manager. WFS Financial was acquired by Wachovia in 2006, and Mr. Prescher built out the direct-to-consumer platform, while adding other alternative consumer channels.
After his departure from WFS Financial, he launched other entrepreneurial start-ups as president at ConsumerXpress Finance. Mr. Prescher has also served as national sales manager at Sixth Gear Solutions, a full credit spectrum auto finance start-up based in New York, N.Y. He holds a bachelor’s degree in Economics from Wheaton College.
Mr. Staples brings more than 15 years of experience in financial analysis and credit risk management. Prior to his current role as Chief Risk Officer at Skopos, Mr. Staples served as Chief Credit Officer for Santander Consumer USA. He was also Director of Financial Analytics and Director of Risk Management, a position he held while working at Banco Santander in Madrid, Spain. Mr. Staples holds a Bachelor of Science in Business Administration from the University of Texas at Dallas, along with a Master of Business Administration from Southern Methodist University.
Mr. Day has nearly 25 years of accounting leadership experience as Chief Financial Officer and Chief Accounting Officer in auto finance, mortgage servicing and FDIC shared loss banking. Mr. Day gained his experience at Beal Service Corporation, MGC Mortgage, Santander Consumer USA (formerly Drive Financial Services) and Sovereign Credit Corporation. He spent the majority of his career developing and refining the accounting discipline at Drive Financial Services, from its inception. Mr. Day is a Certified Public Accountant, licensed in the State of Texas, and holds a Bachelor’s of Business Administration in accounting from Baylor University.
Mr. Sivils has more than 30 years of consumer financial services experience, in addition to managing interests in franchise automobile dealerships. He previously served as Senior Vice President and Director of Loan Originations, Loan Servicing, and Asset Liquidation at Drive Financial Services (known today as Santander Consumer USA) successfully growing the subprime auto finance platform to more than 14,000 auto dealers in 38 states with a portfolio of over $5 billion in originations. Mr. Sivils also served as Executive Vice President, Sales & Marketing, for Finance Security. The company originated retail installment contracts for Ford Consumer and other financial institutions back to the 1980s, reflecting Mr. Sivils’ pioneering role in the secondary automotive finance industry.