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Vervent taps Quanta to boost collections on $100M Tricolor portfolio

Backup servicer looks to increase borrower response in wake of bankruptcy

Aidan Bush

Backup servicer Vervent expanded its deal with delinquency management partner Quanta Credit Services to help service Tricolor Holdings’ approximately 100,000 outstanding auto loans. Quanta will use behavior modeling to increase borrowers’ response rates and payment outcomes on Tricolor’s remaining auto portfolio, a Vervent spokesperson told Auto Finance News. Vervent did not provide performance data on […]

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