DebtTrader is Now EverChain, A Complete Recovery Management Solution
EverChain Kicks Off 10th Anniversary with a New Brand, An Enhanced Offering, and Four Exceptional Senior Hires
[Henderson, NV] February 1, 2022 – DebtTrader, the industry’s leading compliant and secure online debt marketplace, is now part of the EverChain family. Founded in 2012, the DebtTrader solution has become synonymous with innovation and compliance in the Accounts Receivables Management (ARM) industry over the last decade and will continue to play a central role in EverChain’s new expanded 4.0 Recovery Management Solution (RMS) offering. EverChain plans to launch its enhanced RMS in early 2022.
EverChain has facilitated the sale and safeguarded more than 10 million consumer accounts. EverChain’s 4.0 RMS capabilities extend beyond the debt sale, enabling creditors to proactively monitor consumer accounts post-sale, measure and optimize recovery efforts, and eventually sell their nonperforming loans compliantly at the right time for the best net price. The launch of 4.0 is extremely timely given the flood of new Buy Now Pay Later (BNPL) companies entering the market and the increase in credit expectations from consumers. The platform has also been adapted and modified to help creditors more easily comply with increased regulatory oversight and enforcement from the Consumer Federal Protection Board (CFPB).
In anticipation of the company’s re-brand and the new RMS release, EverChain has been aggressively bolstering their roster of talent across the board. In addition to hiring in both the compliance and recovery disciplines, EverChain retained four new senior executives to help lead the team through this next phase of growth:
In a statement from EverChain’s CEO, Matthew Wratten said, “We are excited to announce that the DebtTrader platform is now part of the EverChain Complete Recovery Suite. This means our customers will be able to leverage the industry’s most innovative technologies, code-driven compliance, and expert advisory services to optimize their recovery efforts before, during, and after a debt sale.”
Over the past ten years, the EverChain team has worked diligently to increase compliance across the industry. EverChain is a long-time supporter of Receivables Management Association International (RMAI) and their Annual Conference, sponsoring this year’s event February 7-10, 2022, for the eighth consecutive year. EverChain, under the name of DebtTrader, was the first business to become a certified broker through RMAI’s Receivables Management Certification Program. The Certification Program offers professional designations to companies and individuals operating and employed within the receivables industry. Stop by Booth #219 at the upcoming conference to learn more about EverChain and meet the team.
EverChain is a complete recovery management solution. Since 2012, EverChain has been on a mission to bring transparency and compliance oversight to the accounts receivables management (ARM) industry. EverChain builds innovative technology solutions, provides experienced professionals to manage loan recovery, and monitors each piece of the recovery cycle and every part of the receivables ecosystem, including vendor management. EverChain provides creditors, financial institutions, debt buyers, agencies, and law firms with customized solutions to manage nonperforming loans before, during, and after the sale.