Vervent Launches Bilingual Consumer Support Campaign for Impacted Tricolor Borrowers, Including Fresh Start Loan Modification Program
Vervent Inc., the servicer for the Tricolor Holdings auto loan portfolio, today announced a comprehensive consumer support initiative designed to help the approximately 100,000 borrowers affected by Tricolor Holdings' Chapter 7 bankruptcy. The initiative includes the launch of a Fresh Start loan modification program, a multilingual direct-mail and email outreach campaign, and a suite of borrower education resources delivered across English and Spanish channels.
Vervent Announces $80 Million Funding Partnership Led by Mesirow Alternative Credit to Expand Consumer Credit Card Programs
Vervent Inc., a fintech leader in the servicing space, today announced a forward flow agreement led by Mesirow Alternative Credit, a prominent independent financial services firm. The transaction will provide up to $80 million in funding over the next 12 months to support the origination of unsecured credit cards across Vervent's portfolio.
Vervent Completes Major Credit Card Portfolio Conversion Demonstrating Expertise in Mission-Critical Platform Migrations
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.
