Category Archives: Updates and Changes

Mike Monaghan has been named vice president, sales and marketing

Heritage Acceptance Corporation (Heritage), a finance company specializing in purchasing automotive retail installment contracts, announced today that Mike Monaghan has been named vice president, sales and marketing.

“Mike’s expertise in sales and marketing in the auto financing sector will drive our growth strategy in the Midwest,” said Curt Holmes, president of Heritage. “Mike brings industry best practices and a new vision for marketing Heritage’s services through our sales team to car dealers and our customer base. He’s already built an enhanced sales team to better serve a growing dealer network, which is a top priority at Heritage.”

Monaghan brings significant experience developing new business opportunities and managing teams with proven success. He led the development of new products and implemented new technology solutions to exceed revenue projections and expand market penetration. Monaghan has a history of increasing sales volume and income in previous roles within the financial services sector.

A native and resident of Dayton, Ohio, Monaghan earned a bachelor’s degree in business administration, with a major in finance, from the Ohio University.

Heritage Acceptance Adds Speed and Efficiency with defi SOLUTIONS LOS

GRAPEVINE, Texas – defi SOLUTIONS is pleased to welcome Heritage Acceptance Corporation to its fast and flexible loan origination system (LOS). Heritage successfully went live on the defi LOS on June 4.


“A top priority for Heritage is finding better ways to serve our dealer network that spans five states. The defi LOS fits the bill. The system’s flexible design and performance reliability has made it possible for us to start automating our processes without sacrificing who we are as a finance company,” said Mike Monaghan, Heritage Acceptance vice president of sales and marketing. “Now we can offer dealers more speed and efficiency as we continue our efforts of providing service excellence for our dealer partners.”


“The defi LOS is completely configurable because no two lenders are alike,” said Stephanie Alsbrooks, defi SOLUTIONS CEO. “We’ve intentionally created our system to complement and enhance a lender’s unique capabilities and value proposition in the marketplace. Lenders get leading-edge LOS technology that works to make them better at what they do best.”


“The defi LOS is an important step forward for Heritage and its dealer network. It allows us to stay true to what has made us special and successful for more than 20 years,” Monaghan added.


About Heritage Acceptance

Heritage Acceptance Corporation is a privately owned sub-prime finance company based in Elkhart, Indiana. It helps credit-challenged consumers secure auto financing and reestablish credit through a network of auto dealers in five states. A noteworthy credit program, hassle-free funding and professional and friendly service have made Heritage the choice for dealers and consumers for more than two decades. To learn more, visit


About defi SOLUTIONS
defi SOLUTIONS provides the only leading edge, browser-based loan origination system (LOS) that is completely configurable by lenders. The defi system allows auto lenders to manage the application lifecycle from a single, highly flexible platform. The defi LOS is affordable, scalable and easily accessible from mobile devices. To schedule a demo of the defi SOLUTIONS system, visit defi SOLUTIONS online,

New Vehicle Service Contract

Heritage Acceptance Corporation Announces New Vehicle Service Contract from Marathon Administrative Co., Inc.

[Elkhart, IN] January, 2017 – Heritage Acceptance Corporation (Heritage), a finance company specializing in purchasing automotive retail installment contracts, announced today a new vehicle service contract offered through Marathon Administrative Co., Inc.

“We are excited to announce more expansive product offering for our dealers and customers,” said Curt Holmes, president of Heritage. “The new coverage offers coverage to the customer that includes roadside assistance and a higher liability limit that will better protect the customer’s investment.Should there be a covered failure Marathon claims managers will be quick to expedite claims and get the customer back on the road with minimal inconvenience.”


“The new plan offered by Heritage will be a greater benefit to the selling dealer. With automatic customer referrals, improved labor rate payment and an enhanced compensation plan, this product is a great win for our dealers as well as the customer,” said Mike Monaghan vice president of sales & marketing.