Automotive Finance Leader Craig Sims Joins LCT’s Advisory Board
SOUTHLAKE, Texas — Lender Compliance Technologies, an emerging leader in compliance solutions for managing finance and insurance (F&I) product refunds, today announced the appointment of Craig Sims to its Board of Advisors. Sims will leverage his more than two decades of experience in the automotive finance industry to help expand the reach and impact of Refund Control©, LCT’s advanced cloud platform that enables banks, credit unions and financial institutions of all sizes to track and manage F&I product cancellations and refunds with efficiency and precision.
“Craig’s depth of expertise in auto finance, coupled with his proven ability to scale organizations and drive innovation, makes him an invaluable addition to our advisory board,” said Glenn Munro, CEO of LCT. “His insight will strengthen LCT’s ability to deliver solutions that not only protect lenders but also streamline operations and maximize recoveries.”
Sims currently serves as Chief Revenue Officer at Arra Finance. Prior to Arra Finance, he was Senior Vice President of Business Development for Crescent Bank, where he played a critical role in growing the business through new sales strategies, dealer programs, and capital markets activity. Sims also held senior leadership roles at Equifax Automotive and Capital One Auto Finance, where he worked in marketing and analysis.
Across his 20-year career in auto finance, Sims has built expertise in credit analytics, loan pricing optimization, dealer management, sales leadership and structured finance. His background spans both indirect and direct lending, purchase and refinance lending, and a range of partnership activities, including passthrough relationships, non-prime subvention and lead generation.
“I’m excited to join LCT’s advisory board at a time when technology is reshaping how lenders manage compliance and operational risk,” said Sims. “LCT’s Refund Control© platform fills a critical need in the market by giving financial institutions real-time visibility, automation and accountability in the F&I refund process. I look forward to helping LCT expand its reach and impact across the industry.”
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About Lender Compliance Technologies
Lender Compliance Technologies (LCT) is setting a new standard in compliance solutions for auto, RV, marine and powersports lenders. It brings together extensive industry experience in lending, recoveries, compliance and SaaS development to create a compliance-driven technology solutions company. Its cloud platform, Refund Control©, helps lenders take control of the cancellation and refund process of Voluntary Protection Products (VPP) to stay compliant with state and federal law. To learn more, visit lct1.com.
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