Executive Change: Ray Matteucci to GB Collects

West Berlin, NJ -- GB Collects worldwide corporate collection announces the addition of Ray Matteucci, formerly with SLM Financial, as collection manager. Matteucci brings 37+ years of professional collection experience to the seasoned staff of GB Collects.

“We are ecstatic that Ray has decided to join our family as we are preparing for another round of large expansion,” states George Bresler, president. “Great minds like Ray’s don’t come along often, and his timing is perfect. Our staff and management team is poised for a great year and the addition of Ray just solidifies this goal.”

Prior to GB Collects, Mr. Matteucci was president of SLM Financial, a wholly owned subsidiary of SLM Corp. (Sallie Mae), from 1999 to 2008.  He developed a career training loan program through a national sales network, flexible underwriting, and a streamlined “assembly line” originations platform.  In addition, he built an on-site collection staff to maintain delinquency standards at corporate levels.  A 30 branch consumer network along with a regional mortgage division was also established.  The results of all divisions produced earnings of $80 Million per year, a portfolio of $2.5 Billion in receivables, $1.5 Billion in annual loan originations, with 500 employees.  While ensuring achievement of loan originations, collections, and pre-tax earnings for all three divisions, Mr. Matteucci was also responsible for regulatory and internal compliance, quality assurance, and personnel hiring and development.

Before his employment with SLM Financial, Mr. Matteucci was Director of Operations for Equity One from 1988 to 1998.  Established with one branch in Mt. Laurel, NJ, the company grew to 130 branches in 38 states within a ten year period.  Mr. Matteucci was responsible for opening new branches while achieving the originations, collection, and pre-tax earnings.  Under his direction, the company realized its earnings forecast ten consecutive years.