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Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The collection of nonperforming accounts has taken on more importance as the economy turns. These collection efforts, however, are regulated by a patchwork of federal and state laws that can be difficult to follow. Unpaid accounts are a drag on earnings and a drain on personnel. Building a compliant collection process is costly and time-consuming and may be a distraction from the front-end loan generation machine. Selling these accounts may be a way to accelerate cash flow and decrease risk.
Lenders with a heavy auto loan portfolio, particularly in the non-prime sector, might look toward selling riskier loans to avoid defaults or selling non-performing loans to ease servicing requirements and accelerate cash flow.
The handful of banks that make up what can be known as "mega banks" lost more than 100 of their top employees over the last couple of years.
Supercharged networking! High quality networking is the focus of the event. The agenda includes 24 VIP meeting blocks and three social events over two days.
New sessions. New speakers. DCS is geared for Financial Services, Fintech, Recovery, Collections, Debt Sales and Technology professionals. Debt Connection Symposium & Expo combines five distinct learning styles and experiences with more networking opportunities and specialty meetings than ever before in one venue - structured to maximize the educational focus of the event.
Industry leaders will reunite, reconnect and exchange best practices for innovating, winning business and leading in an age of rapid change.
