The customer journey does not stop at default. Recovery is part of the overall Customer Experience and plays a key role in client satisfaction and retention.
MONITOR | RECOVER | SELL
A major consumer lender who had historically sold nonperforming loans (NPLs) directly to an individual buyer was experiencing a high volume of consumer complaints on their sold accounts. The lender wanted to determine if selling their accounts via EverChain's Certified Network would decrease the volume of complaints, due to the extensive vetting and compliance oversight of its members.