-

Vervent Launches New Calculation Agent Capabilities

This addition provides Capital Markets Services with a tech-forward platform that offers automated deal lifecycle calculations

SAN DIEGO--(BUSINESS WIRE)--Today industry-leading fintech, Vervent, announced its new Calculation Agent services, which deliver on-demand data and analytics via a platform-enabled distributed ledger. The automated reconciliation produces reporting at deal and portfolio level with a single source of data. Calculation Agent services are available to all parties under one license, and ensure a shared, immutable, auditable system of record for better, lower-cost compliance.

“Vervent’s Calculation Agent Services integrate and automate data to provide efficient and comprehensive reporting for structured finance transactions,” said Lou Geibel, EVP of Sales & Services at Vervent. “Our easy-to-use platform eliminates manual processes, offers a single source of truth, and ensures robust reporting and accurate deal models.”

With delivery of real-time analytics available to investor, issuer, and rating agencies, Vervent Calculation Agent Services supports a variety of structures such as securitizations, warehouses, credit facilities, and others in specialty finance. This is done by enabling seamless data operations with best-in-class analytics and insights.

About Vervent

As a fintech leader in the industry, Vervent sets the global standard for outperformance by delivering superior expertise, future-built technology, and meaningful services. We support our industry-leading partners with strategic services including Credit Card Servicing, Loan & Lease Servicing, Backup Servicing/Capital Markets Services, and Credit Card Programs.

Vervent empowers companies to accelerate business, drive compliance, and maximize service. Contact us today at 888.486.2509 or Solutions@Vervent.com.

Contacts

Vervent Media Contact; KCD PR
Duke Bartnik
vervent@kcdpr.com
P: 443-896-4846

Industry:

Vervent

Release Versions
English

Contacts

Vervent Media Contact; KCD PR
Duke Bartnik
vervent@kcdpr.com
P: 443-896-4846

Social Media Profiles
Vervent on LinkedIn
Vervent on X
More News From Vervent

Vervent Completes Major Credit Card Portfolio Conversion Demonstrating Expertise in Mission-Critical Platform Migrations

SAN DIEGO--(BUSINESS WIRE)--Vervent Inc., a fintech leader in loan and credit card servicing, has successfully completed a large-scale credit card portfolio conversion to a new processing platform in under 180 days, underscoring the company's capabilities in executing complex technology transitions while maintaining service continuity. The conversion involved seamlessly transitioning over 165,000 customer accounts across multiple lifecycle stages, from active accounts to delinquent and closed p...

Vervent Assumes Active Servicing of Tricolor Portfolio Following Bankruptcy

SAN DIEGO--(BUSINESS WIRE)--Less than three weeks after the Tricolor Holdings Chapter 7 bankruptcy filing, Vervent Inc. has assumed successor servicing responsibilities for the majority of Tricolor Holdings' approximate 100,000 subprime auto loans. With the company’s robust payment infrastructure, all consumer payments have been processed without interruption since day one. Before the Tricolor Holdings collapse, Vervent was designated as backup servicer by client lenders and investors, a role d...

Vervent Appointed Successor Servicer Following Tricolor Holdings Bankruptcy Filing

SAN DIEGO--(BUSINESS WIRE)--In response to the Tricolor Holdings Chapter 7 bankruptcy filing, Vervent Inc. has been authorized to step in as a successor servicer. Previously designated as backup servicer, Vervent has been given authority to assume servicing for the majority of Tricolor Holdings approximate 100,000 subprime auto loans, ensuring continued support for impacted borrowers. Before the Tricolor Holdings collapse, Vervent was designated as backup servicer, a role designed to protect co...
Back to Newsroom