Yesterday, it was reported that Primeritus Financial Services Inc. was closing its El Dorado Hills office effective October 19th. While it is true that those 78 positions at that location were closed with it, Primeritus wishes to clarify the reasoning for this which may have been misunderstood by the brief nature of the article.
“Primeritus is not down-sizing.” advised VP of Client Services and Sales, Jessica Rosselli. “Instead, it has decided to consolidate and increase the size of its operations in its other offices outside of California. The Primeritus Family of Companies will continue to service repossessions and remarketing in the state of California. The closing of this office has nothing to do with COVID-19 or the current economic environment. As for the layoffs in April 2020, those were temporary, and those employees returned to work with the company a few months later.”
Given the operational expenses and high tax environment of California, this should come as little surprise. Location Services moved their headquarters from California to tax friendly Michigan in 2019 and the fact that Primeritus was still operating in California should have been the real story!
About Primeritus Financial Services:
Primeritus is a nationwide provider of repossession management, remarketing, titled services, and skip tracing services to the financial services industry. Primeritus provides clients with value-added, outsourced repossession management, skip tracing, and remarketing services, leveraging a national network of certified agents and unique investigative techniques to quickly and reliably secure and liquidate customers’ collateral. Through leadership, service, compliance, and performance, Primeritus Financial Services offer the trifecta of repossession services: locate, recover and remarket. For more information, please visit www.primeritus.com or contact,
Jessica Rosselli
Vice President, Client Services & Sales
(916) 725-2708 x3572
Jessica.Rosselli@Primeritus.com
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