Certainty of Execution
Custom Analytics
Modal title
Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
Smaller banks are using the MSLP as a way to attract larger commercial clients as bigger banks appear to stick only to serving existing clients.
Banks are looking for new avenues of revenue, and Ally Financial's recent deal to get into point-of-sale financing is a great example of this.
Household debt and delinquencies are down, and with fewer delinquencies, there are fewer charge-offs, creating a supply/demand imbalance. This may be a good time for lenders to sell delinquent accounts.
Visit Garnet at Booth #912! Plus Garnet's own Dan Arlotta will be on the panel: "Debt Sales: Optimizing your Recoveries through Debt Sales". Lending and banking are converging. Make sense of this new world at LendIt Fintech USA where fintech leaders gather to connect and reimagine the future of finance.
