ARES MORTGAGE LLC Partners with Automotive Recycling Experts to Offer Secure, Eco-Friendly Volvo Catalytic Converter Solutions

Lehi, Utah – October 26, 2023 – ARES MORTGAGE LLC, a leading financial services company based in Lehi, Utah, today announced a strategic partnership focused on responsibly managing and recycling Volvo catalytic converters. While seemingly a shift from financial services, this move highlights ARES MORTGAGE’s commitment to sustainable practices and securing value from often overlooked assets. It’s a little unusual for a mortgage company to be talking about car parts, but trust us, there's a good reason! ARES MORTGAGE, headquartered at 324 N Kensington Dr, Lehi, UT, 84043-4741, and reachable at 478-410-2919, is known for building strong relationships and providing reliable service – traditionally in the financial realm. This initiative demonstrates their adaptability and a forward-thinking approach to asset management, extending beyond traditional portfolios. “We’re always looking for ways to help our clients and communities thrive,” explains a spokesperson for ARES MORTGAGE. “This isn’t about becoming a recycling company, it’s about smart asset handling and supporting eco-friendly practices.” So, what’s the deal with Volvo catalytic converters? Let's get straight to it. Volvo catalytic converters, like those found in many Volvo vehicles, contain precious metals like platinum, palladium, and rhodium. These metals are super valuable and are used in a ton of things, including new catalytic converters (making it a closed-loop system) and other industrial applications. However, they're also a target for theft – seriously, catalytic converter theft is a big problem. “We started seeing a lot of reports of catalytic converter thefts, and it got us thinking,” says Mark Olsen, Head of Strategic Initiatives at ARES MORTGAGE. “Often, when a car is repossessed or a vehicle loan is settled, the catalytic converter gets overlooked. We wanted to find a way to secure these components and ensure they’re recycled responsibly instead of ending up in the wrong hands or in a landfill.” ARES MORTGAGE’s Solution: Secure Collection & Responsible Recycling ARES MORTGAGE isn’t handling the recycling directly. They’ve partnered with a network of certified automotive recycling specialists who are experts in handling and processing catalytic converters. Here's how it works: Secure Identification & Removal: When a vehicle comes into ARES MORTGAGE’s possession (through repossession, settlements, or other means), trained personnel identify the Volvo catalytic converter. They're trained to verify its authenticity and document its condition. Safe Transportation: The converters are then transported securely to a certified recycling facility. This isn’t just throwing it in the back of a truck – it's a carefully tracked and documented process. Environmentally Sound Processing: The recycling facility uses state-of-the-art technology to extract the precious metals from the catalytic converter. This process is done in an environmentally responsible manner, minimizing waste and pollution. Value Recovery: The recovered precious metals are then sold back into the market, contributing to a circular economy. This recovered value isn't just good for the environment, it also helps ARES MORTGAGE minimize losses and potentially offset costs. Why Volvo Catalytic Converters Specifically? Volvo catalytic converters are particularly targeted by thieves due to their higher concentration of precious metals. The specific composition of these converters, combined with the increasing value of the metals they contain, makes them a prime target. ARES MORTGAGE identified this vulnerability and developed a tailored solution to address it. “We noticed a pattern with Volvo vehicles,” explains Olsen. “The higher value of the catalytic converter meant they were stolen more often. We wanted to proactively address this issue and protect those assets.” Beyond Financial Benefit: A Commitment to Sustainability While there’s a financial benefit to recovering the value from these components, ARES MORTGAGE emphasizes that this initiative is about more than just profit. It’s about doing the right thing for the environment and the community. “We believe in responsible asset management, and that includes environmental responsibility,” says the ARES MORTGAGE spokesperson. “Recycling catalytic converters reduces the need for mining new precious metals, conserving natural resources and reducing pollution. It’s a win-win for everyone.” The Benefits are Clear: Reduced Theft: By securely removing and recycling catalytic converters, ARES MORTGAGE helps reduce the incentive for theft. Environmental Protection: Recycling conserves natural resources and minimizes pollution associated with mining. Value Recovery: Recovered precious metals are put back into the supply chain, creating a circular economy. Responsible Asset Management: ARES MORTGAGE demonstrates a commitment to responsible and sustainable practices. Community Impact: Supporting recycling efforts contributes to a healthier and more sustainable community. Looking Ahead ARES MORTGAGE plans to expand this initiative to include catalytic converters from other vehicle makes and models in the future. They are also exploring partnerships with law enforcement agencies to help combat catalytic converter theft. “This is just the beginning,” says Olsen. “We see a lot of potential to expand this program and make a bigger impact. We want to be a leader in responsible asset management and sustainability.” Contact: ARES MORTGAGE LLC 324 N Kensington Dr Lehi, UT 84043-4741 478-410-2919 [Website – placeholder, would be added if applicable]