In 2012, EverChain was born out of the recognition that the debt sale and placement marketplace for default debt portfolios was riddled with inefficiencies and regulatory challenges. Lenders found themselves in the dark once an account was sold, and the introduction of CFPB regulations complicated matters further.
To address these issues, EverChain pioneered a disruptive technology platform that revolutionized the secure management of compliant debt sales and post-sale placements. We created the EverChain Certified Debt Buyer and Collection Agency Network to enhance the integrity of debt sales, anchored in rigorous compliance due diligence and auditing of all stakeholders.
Recognizing the stress of post-sale management, we expanded our platform to provide standardized and automated solutions, easing the burden on buyers and sellers. Our commitment to evolving with our clients’ needs in an ever-changing regulatory landscape remains unwavering.