Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

New Hires/Promotions in the Leasing Business
and Related Industries

Brett Blankenship, CLFP, was promoted to Vice President of Customer Support at LTi Technology Solutions, Omaha, Nebraska. He joined LTi eight years ago as Director. “He is responsible for ensuring a great customer support experience by setting and maintaining department standards and processes to solve customer requests as well as acting as a contact point for all customers. He has spent his career in finance and analytics as well as equipment finance and IT support. He obtained his CLFP designation in 2020.”

Tanner Evans was hired as Finance Sales Account Manager, Siemens Financial Services, Munich, Germany. He is located in the Denver Metropolitan Area. Previously, he was Federal Account Manager, Key Government Finance (April, 2019 - June, 2023); Accelerated Career Track, sales, Key Equipment Finance (January, 2018 - March, 2019); Credit Analyst Intern, KeyBank (May, 2017 - August, 2017).
https://www.linkedin.com/in/tanner-evans-53761485/

Jenny (Ulrich) Jarose was announced as Vice President, Human Resources and Administration, LTi Technology Solutions, Omaha, Nebraska. LinkedIn shows she started the position January, 2024. She joined LTi July, 2013, Human Resource and Administration Manager, promoted January, 2017, Director of Human Resources and Administration, promoted Senior Director, Human Resources and Administration (January, 2021 - February, 2024). Full Bio:
https://www.linkedin.com/in/jennifer-jarose-73221b8/details/experience/
https://www.linkedin.com/in/jennifer-jarose-73221b8/

Derek Vander Linden, CLFP, accepted a position as Business Systems Analyst Senior with FIS, Jacksonville, Florida. He is located in Denver, Colorado. Previously he was at KeyBank Commercial for 12 years, 3 months rising to Project Business Analyst (October,2020 - November, 2023). He joined Key September, 2011, Account Maintenance Specialist. Full Bio: https://www.linkedin.com/in/derekavanderlinden/details/experience/
https://www.linkedin.com/in/derekavanderlinden/

Laura Morlok was hired as Vice President, Western Region. Spartan Capital, Greater Los Angeles, California. Previously, she was Vice President, Western Region, Flash Advance (November, 2022 - March, 2024); Vice President & Senior Loan Consultant, ARF Financial, LLC (September, 2021 - November, 2022); Business Development Manager, BFS Capital (January, 2011 - April, 2029.
https://www.linkedin.com/in/lauramorlok/

Todd Schemmel was promoted to Vice President of Sales, Industrial/Manufacturing, Amur Financial Services, Grand Rapids, Nebraska. He is located in Cleveland, Ohio. He joined Amur August, 2021. Previously, he was Customer Finance Manager, Salvagini Financial Services (October, 2018 - August,2021); Regional Financial Representative, Makino (April, 2012 - September, 2019). He joined Huntington National Bank as Process Administrator, 2003, promoted May, 2007, Equipment Finance Sales Coordinator, promoted Sales Coordinator Team Lead (February, 2011 - March, 2012).
https://www.linkedin.com/in/todd-schemmel

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Growth in Finance and Leasing
Part 1

The purposes of this is to introduce associations and education groups to improve your profession and income. The best advice I can give after viewing the various associations is to attend one of the conferences.

Major Leasing and Finance Conferences (dates and location)
https://leasingnews.org/Pages/conference_dates.html

Number one, the goal should be to join more than one association. Perhaps the first is economical and has many doors you can open, whether it is credit, funding, sales,or operations. How you can learn from this is to first look at the membership. It tells you perhaps more about them than their website.

Perhaps this association has the most diverse membership with a relatively inexpensive membership Fee. It has excellent conferences, education programs, Webinars, excellent magazine, as well as member groups who get together for social outings. Business is discussed but the groups get together for the fun and friendship.

2023 Year End Membership

Broker/Lessor - 213 companies
Funding Sources - 83
Service Providers - 100
Industry Partners - 6
TOTAL – 402

Chad Sluss, MSA, Chief Executive Officer
National Equipment Finance Association
Home Office: Lowell, MI (Eastern Time Zone)
Corporate Mailing Address:
P.O. Box 69 | Northbrook, IL 60065
P: 616-204-9599
E: csluss@nefassociation.org
W: nefassociation.org

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While this is considered more of a broker/originator association, the membership shows it has a diverse group.

2023 Membership
Associate – 28
Broker- 371
Funder – 103
Total - 502

Membership is relatively inexpensive, particularly considering the discounts arranged from vendors, as well as free education and Webinars, plus an excellent newsletter, record conference exhibitors, a legal counsel available to the board and to members for free consultation.

Most valuable to “members only” for many years is a Private, confidential communication where advice, problems, funders, situations are shared. Divulged conversations may get a member expelled.

Monica Harper
Executive Director
mharper@hqtrs.com
2301 River Road, Suite 102
Louisville, KY 40206
800-996-2352
502-574-9928 (direct)
502-589-3602 (fax)
www.aacfb.org

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Part 2
Wednesday, April 3

Equipment Leasing and Finance Association
Secured Finance Network
Canadian Finance & Leasing Association

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NEFA 2024 Spring Conference Summary
By Theresa Kabot, CLFP

NEFA’s spring conference had a very timely theme of “Riding The Waves of Change.” There were 384 attendees plua 56 exhibitors.

The Hyatt Huntington Beach Hotel and Spa, California was the perfect backdrop for the events which began on a sunny Monday morning with a golf outing benefiting the Chris Walker Education Fund. That evening, everyone had a blast at the ocean front Karaoke event which raised thousands of dollars for the charity, Laura’s House. Tuesday morning was equally beautiful starting with the Ladies in Leasing Luncheon.

Shari Lipski, CLFP, Principal ECS Financial Services, presented an introduction with the timely story of a woman whose expertise is being called into question by a male counterpart. It is a reminder of how we need to stick together as the perceived inferiority of woman’s contributions in the workplace is still present in some areas of the equipment finance sector. Shari invited everyone’s feedback regarding ways to enhance the Ladies in Leasing and Their Allies luncheon.

Back at the Hyatt, the exhibit hall had opened with 58 exhibitors and the conference was in full swing. There was a lot of buzz regarding the capitalization of both independents and leasing divisions of banks. And there was a feeling of transparency among lenders who were sharing their current challenges with delinquencies but not necessarily charge offs, not yet anyway. There was an overwhelming consensus that the transportation sector has been hit hard and we have not fully experienced the complete cycle of the transportation downturn.

After the committee meetings, attendees took a lighthearted break with comedian Chris Straight and then it was off to go unwind some more, at the opening reception and dinner.

Wednesday morning started with breakfast in the exhibit hall and it was packed with 384 attendees. The opening remarks we made by Chad Sluss, NEFA CFO and Conference Chair, Lisa Whitehead, CLFP, VP/Sales * Service, First Foundation Bank, followed by a virtual presentation by Scott Riehl, VP State Government Relations at ELFA.

Thereafter, Owen Babcock of Padfield and Stout provided an update on the ongoing legal proceedings that have been filed regarding section 1071 and the granted injunction in October 2023 which will delay its implementation for ten months, as of that point in time. Now we wait for the Supreme Court ruling expected sometime before July.

Next, was a conference highlight as Misty May Treanor, three-time Olympic gold medalist International Volleyball and Attorney Robert Hornby, NEFA President (CSG Law) engaged in an informal fireside chat with questions about everything from what formed Misty into the person she is today, as well as her mental and physical training, teamwork, communication and of course, her success in winning 112 tournaments and three gold medals in beach volleyball. Her personal stories enthralled everyone and Misty threw a volleyball to every member of the audience who asked a question. Afterward, we all got a chance to meet Misty in person at the VIP meet and greet.

That afternoon, Best Practices Roundtables addressed Women in Leasing, DEI and Operations and Technology, followed by session on Leadership - Real Talk, Financial Disclosures, From Broker to Discounter, Maximizing Marketing as well as Operational Efficiencies.

There was a lot of talk about climbing delinquencies, troubled assets, rate volatility and how the sharp rate increases over a short period of time have caused challenges for banks, independents, TPOs, vendors and end users alike. And the consensus was, let’s ride it out.

Theresa Kabot, CLFP
K2 Funding
Kabot Commercial Leasing LLC
tkabot@lease-it.com
(206) 301-9960 phone
(206) 301-9886 fax

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Leasing and Finance Industry Help Wanted

Top Ten Leasing News Read by Readers
March 25 - March 29

Dext Capital Upsizes Corporation
Note Financing
https://leasingnews.org/archives/Mar2024/03_25.htm#dext

The income a family of 4 needs to live comfortably
in 20 major U.S. cities
https://www.cnbc.com/2024/03/27/how-much-money-family-of-4-needs-to-live-comfortably-in-us-cities.html

South Florida Hosts Small Business Finance Innovation
at Funders Forum + Brokers Expo 2024
https://leasingnews.org/archives/Mar2024/03_28.htm#expo

ELFA's Survey of Economic Activity:
Monthly Leasing and Finance Index
https://leasingnews.org/archives/Mar2024/03_25.htm#elfa

Request for your input
by Marshall Goldberg, Leasing News Legal Editor
https://leasingnews.org/archives/Mar2024/03_28.htm#request

CLFP Foundation Adds 21 New CLFPs
With Photos
https://leasingnews.org/archives/Mar2024/03_25.htm#clfp

California insurance commissioner declares crisis
major State Farm announcement
https://www.foxbusiness.com/politics/california-insurance-commissioner-declares-crisis-major-state-farm-announcement

Equipment Finance Industry Confidence
Up Third Consecutive Month in March
https://leasingnews.org/archives/Mar2024/03_25.htm#ca

11 ELFA Member Employees Receive
Principles of Equipment Leasing & Finance Certificates
https://leasingnews.org/archives/Mar2024/03_28.htm#11

Top Ten Leasing News Read by Readers
March 18 - March 20
https://leasingnews.org/archives/Mar2024/03_25.htm#318

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April 2nd Bring Your Pups to the Pub
Dog Caricatues Drawn on-site
Norwalk, CT. - 314 Beer Garden

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