This article was published in Cornerstone's newsletter on April 19.

Table of Contents
5 TIPS FOR MITIGATING RISK WHEN BUYING DEBT
1. Strategy
2. Segment
3. Security
4. Due Diligence
5. Post-Sale
5 OBSTACLES THAT PREVENT CREDITORS FROM SELLING DEBT
1. Perception of Risk:
2. Lack of Resources:
3. Lack of Due Diligence:
4. Lack of Transparency:
5. Lack of Benchmarking Data:
5 REASONS WHY CREDITORS SHOULD SELL DEBT: THE PROS
1. Why Sell Debt?
2. Why Use a Broker?
3. Why Oversight and Compliance?
4. Why Technology?
5. Why Now?

Brooke's Why: "I previously worked as an attorney representing debt buyers and lenders. Many of the cases I handled when litigating debt buyer cases had chain of title and media issues due to the traditional means of debt sale. I joined EverChain because the EverChain network and platform answered the problems I was seeing in the courtroom. I also firmly believed in EverChain’s mission to protect the consumer. It is extremely important for the customer experience to be positive throughout the entire life of the loan, especially at default; EverChain is the only means of debt sale to ensure that complete positive experience."

Brooke Teal joins EverChain as Vice President of Business Development 

Ms. Brooke Teal is the Vice President of Business Development at EverChain. She is responsible for leading the sales team as well as the assessment and development of new market opportunities.

Take a break with Brooke! You’ll hear about everything from puppies to court litigation in this episode as Receivables Roundtable Founder, Adam Parks talks with Brooke Teal, Vice President of Business Development at EverChain, about how her creditors rights background as an attorney led to her current role. Hear about how she and the team give back to their communities and improve the debt cycle for consumers through increased compliance and account tracking.

You can view a recording of the episode and get all the details from Matthew and Daniel.

The EverChain team is excited to welcome RMAi and its members to our hometown of Las Vegas, Nevada. Whether it's your first time attending RMAi, or your 25th, you can benefit from these 3 local tips for success in our dry desert town:

DebtTrader is Now EverChain, A Complete Recovery Management Solution

EverChain Kicks Off 10^th Anniversary with a New Brand, An Enhanced Offering, and Four Exceptional Senior Hires

[Henderson, NV] February 1, 2022 – DebtTrader, the industry's leading compliant and secure online debt marketplace, is now part of the EverChain family. Founded in 2012, the DebtTrader solution has become synonymous with innovation and compliance in the Accounts Receivables Management (ARM) industry over the last decade and will continue to play a central role in EverChain's new expanded 4.0 Recovery Management Solution (RMS) offering. EverChain plans to launch its enhanced RMS in early 2022.

Are you a creditor considering selling your non-performing loans on the secondary market? There are 5 key questions to ask yourself when evaluating the benefits and risks of selling debt. In this timely and informative webinar, you’ll hear from a panel of industry leaders who will discuss the 5 Whys of Debt Sales in detail. You’ll gain powerful insights into mitigating risk, ensuring compliance oversight, and optimizing ROI when selling debt. You will also learn best practices that will set you and your business up for success as you optimize recovery efforts.

View the Recording below by clicking on the image.

Curious to learn more about EverChain, why they rebranded, and what’s ahead? Watch Receivables Roundtable Founder, Adam Parks’ engaging chat with Matthew Wratten, CEO and ★ Daniel Green ★, Chief Revenue Officer at EverChain. You’ll hear interesting nuggets for issuers, debt buyers, and collectors alike in this episode. Learn more in this episode of Receivables Roundtable!

Subscribe to Receivables Info, follow #ReceivablesRoundtable, and don’t miss an episode as they sit down with accounts receivable industry notables to discuss topics, trends, and emerging issues that are important today.

View the episode here:

EverChain is excited to announce that two of our thought leaders are participating in session presentations at the 2022 RMAi Annual Conference. Session descriptions are listed below for our presenters. We hope that you will stop by our Booth #219 to meet the EverChain team, and attend the speaking sessions that Brooke Teal and Jenn Wilson are participating in.

Join ACA and EverChain for a power-packed webinar where you will learn how innovative new technology is helping creditors maximize compliance and enhance the consumer experience during the entire recovery process. We will explore how advances in technology have impacted the three pillars of charged-off debt management including Debt Sales, Vendor Placements, and Attorney Litigation. You will gain key insights on mitigating risk and maximizing return from industry experts including EverChain, whose DebtTrader platform was the first fintech marketplace for selling non-performing consumer receivables, Actuate Law, and Kino Financial. This unique group of women in consumer finance will discuss the top ways to monetize uncollected assets and give expert insights into what you need to know to be compliant and reduce risk to your bottom line and your brand when engaging in recovery.

View the 3 Pillars of Charged Off Debt Management Recording using the link below: