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Fintech Nexus Interviews EverChain's Founder

Listen to the Interview.

The debt buying process is one that has traditionally been highly manual with Excel spreadsheets flying around and not much automation or sophistication. But that has started to change as fintech has come to debt buying and selling.

My next guest on the Fintech One-on-One podcast is Matthew Wratten, the CEO and founder of EverChain (formerly known as Debt Trader). EverChain has created a platform that allows debt buyers and sellers to manage their non-performing loans with a level of technology and compliance not before seen in the industry. In this podcast you will learn:

The founding story of EverChain.
The state of the debt buying industry today.
What was wrong with how the debt sales process worked historically.
How EverChain has made it easier.
What is involved in the onboarding process for lenders.
The different lending verticals they operate in today.
The thinking behind the rebrand to EverChain.
How they are working with the buy now pay later companies.
The kind of volume you need to participate on EverChain’s platform.
How they work with debt buyers.
How they deal with buyers that receive a lot of complaints.
Matthew’s thoughts about when lenders should be selling their non-performing loans.
How they provide guidance to sellers on portfolio pricing.
His thoughts on the action the CFPB has taken against debt collectors.
How they are keeping on top of the changing rules at the different levels of government.
What is next for EverChain.

Below is the transcript - you can find the full episode on the LendIt website.

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Why I Joined EverChain: Dan Green, Chief Revenue Officer

We sat down with EverChain's Chief Revenue Officer, Dan Green, to speak with him about why he joined EverChain. We wanted to understand the "Why" behind his passion, dedication and enthusiasm for EverChain.

Why I Join EverChain: "It’s rare to find a niche market with such a large unaddressed problem that had potentially catastrophic consequences to multiple parties. EverChain was not only the first company to identify it, but the only company that was actually solving this problem. If the problem was fascinating, EverChain’s solution was brilliant in it’s simplicity; focus on protecting the consumer during a debt sale. If you pour all your efforts into protecting the consumer before, during, and after a debt sale, you directly protect both the buyer and the seller. I knew then that this was a market moving concept and jumped in with both feet."

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EverChain reduces consumer complaints by 90% for national lender

EverChain Reduces Consumer Complaints by 90% for National Lender

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.

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Brooke Teal featured on Receivables Roundtable

Receivables Roundtable EverChain: Puppies & Philanthropy

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.

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Receivables Roundtable Episode with Adam Parks and EverChain

Receivables Roundtable EverChain: Rebranding

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:

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EverChain's Thought Leaders Speak at RMAI

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.

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The 3 Pillars of Charged-Off Debt Management

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:

HubSpot Video
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