BOCA RATON, Fla. — EverChain Exchange today announced the sale of a $325.47 million auto deficiency portfolio to a certified buyer in the EverChain network.
everchain CEO Matthew Wrattan said, “The everchain exchange continues to be the marketplace creditors use to sell debt for the highest price in a transparent, easy, compliant marketplace.”
The everchain exchange is one of the largest facilitators of compliant debt-sale solutions. Last year, U.S. lenders charged off more than $200 billion in consumer debt. The everchain exchange played a significant role in helping creditors responsibly liquidate and resolve this growing segment of the credit ecosystem.
The everchain exchange supports everything creditors need to run a debt sale the right way, from preparing portfolios and running competitive auctions to closing, funding, automating due diligence, and maintaining ongoing compliance and post-sale control. It’s a zero-cost value-added system compared to traditional approaches.
About EverChain
The EverChain Exchange is built for the debt economy, providing creditors with efficiency, visibility, and accountability across the entire pre-sale, sale, and post-sale lifecycle in one unified, purpose-built system. Learn more about the EverChain exchange at www.everchain.com.
