Location Services, LLC is a premier provider of loss-mitigation outsourced solutions for the financial service industry. The services provided give credit unions, banks, captive finance companies and other financial institutions the ability to have one company manage the entire loss-mitigation outsource process, including auto refinance, collateral skip-locate and recovery, account administration, license plate digital technology, transportation and remarketing.
Location Services recently announced growth and expansion through its strategic partnership with Allied Solutions as well as the acquisitions of Auto Approve, MOXKOR and three industry recognized recovery agencies: Repossessors Inc., CARS Recovery Inc., and American Recovery Specialists of Florida. The partnership and acquisitions establish Location Services as a vertically integrated national direct loss mitigation service provider.
As a result of this growth, Location Services plans to expand its operations in Pittsfield Township. The project is expected to generate a total capital investment of more than $1 million and create 106 jobs, resulting in a $500,000 Michigan Business Development Program performance-based grant.
“Location Services is poised to be the national leader in loss mitigation services and will continue to grow through acquisition and organically,” said Eric Gerdes, president and chief operating officer. “As a local resident, I am extremely excited to be expanding in this location given the talent base and work ethic of the potential employees from Ann Arbor and the surrounding communities.”
Michigan was chosen for the expansion over competing sites in California and Minnesota. Ann Arbor SPARK has offered staff time in support of the project. Location Services will begin recruiting and hiring immediately and will be looking for a variety of positions including operations, finance, compliance and information technology. Individuals interested in careers with Location Services should visit https://location-services.com/careers/.
“The addition of Location Services in Ann Arbor is yet another testament to our region’s reputation as a hotbed of talent and growth,” said Paul Krutko, Ann Arbor SPARK president and CEO. “We were thrilled to work with Location Services on securing the MEDC grant, as well as provide benchmarking reports and talent referrals. We look forward to continuing our collaboration as they grow in Pittsfield Township.”
About Michigan Economic Development Corporation (MEDC)
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