Articles from Vervent

Vervent announced today an expanded partnership with Quanta Credit Services to support delinquency stabilization and borrower communications across the Tricolor auto finance portfolio following the company's Chapter 7 bankruptcy filing in September 2025.

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.

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.

Vervent is proud to introduce the Business Impact Brief examining the critical role of eVaults in navigating complex loan and lease transactions. Commissioned by Vervent and conducted by S&P Global Market Intelligence’s 451 Research, the research underscores the essential need for secure, compliant digital document management solutions in today's evolving capital markets landscape.

Vervent is excited to announce the launch of its new eVault Solution. This trusted platform was designed to securely capture, store, and transfer loan documents, ensuring their authenticity and enforceability throughout the portfolio lifecycle. With Vervent’s eVault, users can expect enhanced security, streamlined processes, and robust compliance with industry standards.

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 announced today another exciting expansion plan to add additional capabilities and scale to their business. They are establishing a new Global Capabilities Center – Vervent India – to expand Vervent’s footprint and add to their growing team.

Castlelake, L.P., a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, today announced the entry into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to $180 million to Vervent and its affiliates. Under the terms of the agreement, affiliates of Vervent will use the funds to finance origination for its Revvi, Total Card and First Access unsecured credit card programs.

Vervent, a leader in the servicing and credit card industries, announced today that Jannet Zamora, Senior Vice President of Global Operations and COO Vervent Philippines, has been named one of the Top 50 Latino Leaders of Influence 2023 by the San Diego Business Journal and the San Diego Hispanic Chamber of Commerce. Zamora was honored during a ceremony held at The University Club in San Diego on October 2, 2023.

Vervent announced the acquisition of Smiles on Demand, a high-performance BPO organization in the Philippines, today, taking another step in continuing to expand their highly successful contact center and servicing business. This addition to Vervent’s contact centers will add more scale for their clients and more customer support via expanded hours and increased staffing for voice and non-voice contact work. The Smiles on Demand acquisition also adds a framework for more traditional customer service work outside the highly regulated and technical financial servicing space that Vervent has traditionally worked in.

Vervent announced the acquisition of First Equity Card Corporation today, taking another step in continuing to expand their highly successful credit card business. First Equity Card is one of the nation’s leading providers of bankcard solutions for building or re-building credit. First Equity’s card programs serve hundreds of thousands of accountholders across the U.S. Their addition to Vervent’s strong, tech-forward, and effective business model will continue to position the company for future success and bolster the company’s accelerated growth trajectory.

Vervent is proud to announce the launch of MRV Banks' all new Revvi card. Vervent helped bring this great new credit card to the market as the full-service credit card program management partner for MRV Banks.

In an effort to enhance credit card servicing solutions, Vervent is pleased to announce that they have formed a partnership with CoreCard to expand their payment processing offerings. CoreCard is a leading international provider of innovative prepaid and credit technology solutions and processing services to the financial technology and services market. This partnership will add a new, innovative payment platform with modern technology to Vervent’s arsenal to enable more flexibility and get client card programs live more quickly.

We were disappointed to see Asset Backed Alert (ABA) publish such a wholly inaccurate article with no basis in fact. The lack of credibility and integrity in their reporting was extraordinary given that ABA had been made aware that their information was incorrect and proceeded to publish the article anyway.