We are pleased to announce that EverChain has once again met the requirements and earned the designation of an RMAI Certified Receivables Vendor (CRV). As a designated CRV, our organization will continue to uphold the policies and procedures outlined in the Receivables Management Certification Program Governance Documents. EverChain was the first RMAi Certified Broker when the designation was created in March of 2017. 

Similar to RMAI’s “Certified Receivables Business” (CRB) designation for debt buying companies, law firms, collection agencies, and creditors, the CRV designation was designed to exceed the requirements of state and federal law. EverChain is thrilled to continue to voluntarily surpass industry requirements, setting a new bar for quality and compliance in the debt industry. 

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.

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.