The National Loan Exchange Corp. , a former division of Koll-Dove Global Disposition Services, has formed its own corporation.
Headquartered in St. Louis, NLEX will continue its brokerage services of charged-off consumer loans and credit card accounts on behalf of banks, issuers and other debt originators.
In addition, NLEX is now offering post sale servicing activities. In order to reduce the amount of work involved with contract issues, replacement or repurchase of accounts, documentation requests and other issues currently handled by the seller, NLEX(tm) is offering to screen and process all activities involving the portfolio sale.
This will alleviate the need for the seller to be fully staffed for such servicing. Also, a higher price may often be generated by selling a portfolio by smaller pools to qualified, pre-approved regional buyers.
Most sellers, however, are reluctant to sell to more than one or two buyers per portfolio, mainly because of servicing requirements. By expanding its services, NLEX(tm) is offering sellers the best of both worlds higher prices and less back-end work.
NLEX(tm) is also now offering pre-sale portfolio analysis for data quality and bankrupt and deceased screening. This will also serve to increase the portfolio value and decrease servicing by the seller.
For more information on NLEX(tm), contact Dave Ludwig, President at 800/264-3683.Details