NAREX Inc., the leader in collections and recovery analytical solutions, announced it has developed a method to evaluate portfolios of debt. The new offering, an extension of NAREX’s popular UniScore service, helps debt buyers establish the relative value of a portfolio for sale. It can also help sellers determine the appropriate strategy for accounts in a charged-off portfolio.
For prospective buyers, NAREX uses advanced artificial intelligence-based analytics to establish a baseline comparison of the portfolio under consideration against portfolios the buyer has collected in the past. For sellers, NAREX analytics help determine which accounts should be sold, worked in house, or placed with a collection agency or attorney.
“NAREX offers a unique and reliable analytics-based service that enables the potential buyer to create a customized valuation of debt,” said NAREX President and CEO Bernhard Nann. “Sellers will find the portfolio evaluation service a valuable addition to their recovery operations toolkit.”
The service costs $500 per portfolio evaluated, plus related UniScore scoring fees.
About NAREX Inc.
Established in 1995, NAREX Inc. is the industry leader in collections and recovery analytical solutions. In addition to its portfolio evaluation service and UniScore, a non-custom recovery score package, NAREX offers highly predictive custom scoring models, and account placement optimization. Further information about NAREX can be found at [www.narex.com].