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Eric Gerdes
Chief Risk and Compliance Officer

eric.gerdes@location-services.com

Responsibilities

Eric Gerdes joined Location Services, LLC in January 2018 as the Chief Risk and Compliance Officer.  Eric is driven to further enhance the culture at Location Services to comply with laws, rules, regulations, and company policies.  He will take the lead in ensuring business is always conducted with the highest ethical standards, and that all employees, customers, and vendors are treated fairly. 

Eric will also be leading the forecast, reporting and analytics teams that will build and use state of the art data, tools, and methods to improve visibility into performance and trends.  This will help drive optimal effectiveness and efficiency through the entire loss mitigation cycle. 

Expertise

Gerdes is a highly respected executive in the auto finance industry and has experience leading teams responsible for credit risk, finance, compliance, modeling, operations (including collections, repossessions and skip recovery), and collecting in every facet of one of the largest auto portfolios in the country.  Eric is known for using data and analytics to guide decisions and direction.  He has worked closely with numerous governmental agencies in many aspects of auto finance including operational management routines, servicing exams, and credit loss forecasting for CCAR & DFAST evaluations.  Eric has experience developing leaders and takes great pride in seeing former teammates excel in their careers and, more importantly, challenge the status quo.  Overall, he has a passion for making processes efficient and effective by using data, analytics, structure, and simplicity.

Background

Gerdes brings over 20 years of deep auto finance expertise, with an emphasis on credit risk, finance, analytics, operations and compliance, all with Ally Financial (formerly GMAC).  Prior to joining the Location Services team, Eric most recently served as an Executive for Compliance at Ally Financial after numerous years serving as Executive Vice President of Loss Mitigation. 

Education

Master of Business Administration

Indiana University, Kelley School of Business

Bachelor of Science, Business

Winona State University

Personal

Eric enjoys spending time with family and friends, fishing, golfing, and motorcycle-riding.