SAN DIEGO--(BUSINESS WIRE)--For the third consecutive year, Vervent is pleased to announce that Morningstar Credit Ratings has awarded Vervent a MOR ABS1 ranking. After a comprehensive review, Vervent was given a Stable consumer ranking, which is the highest possible rating for overall excellence in loan servicing and mitigated risk.
“Receiving the highest Morningstar ranking for the third year in a row is a big milestone for Vervent,” said David Johnson, CEO. “We are particularly proud this year as our rating encompasses the enhanced processes, technology platforms and operations centers from the legacy First Associates and Portfolio Financial Servicing Company (PFSC) companies and certifies the newly combined Vervent entities for excellence.”
“DBRS Morningstar forecasts a Stable consumer finance servicer ranking. Vervent is an effective consumer finance servicer for originators and investors covering a wide variety of loans, leases, and other debt obligations. The company continues to increase its servicing volume and is well positioned to handle significant portfolio volume increases. DBRS Morningstar believes Vervent will maintain organizational stability, provide high-quality service for clients, and recognize efficiencies and technology enhancements as it integrates best practices and leverages synergies while capitalizing on opportunities.”
As the fastest growing servicer of loan and lease portfolios, Vervent sets the global standard for outperformance in complex service industries by delivering superior industry expertise, future-built technology and meaningful services including loan and lease servicing, backup servicing and call center services. We empower companies to accelerate business, drive compliance and maximize service. Contact us today to find out how we can help boost your performance at 888.486.2509 or Solutions@Vervent.com.