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Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
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Debexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
Many auto lenders, lenders who sell BHPH notes, and dealerships sell auto notes regularly. Reasons to sell auto notes might include obtaining additional capital to issue new loans, securitization of an existing portfolio, sale of delinquent accounts, or obtaining market benchmarks. The universal solution to all these problems is the trading Debexpert platform, which helps hundreds of bank and non-bank lenders to sell auto notes and to sell BHPH portfolios.
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfilio AnalyticsDebexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfilio AnalyticsDebexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
BHPH loans are the most sensitive to the deterioration of the economy, job losses by debtors, and a decrease in the value of the collateral. Therefore, the sale of Buy Here Pay Here loans is a popular way to reduce risks for lenders because it allows fixing the profitability of loans issued and reduces the chances of non-repayment of debt.
The main advantages to sell BHPH notes are:
BHPH portfolios are in great demand among debt buyers today, which allows them to get reasonable prices when selling performing and non-performing accounts. Debt buyers believe that the contact data of debtors is higher than that of other loans because the loan issuance and debt payment took place at a specific location. There is a high probability that this debtor will have fresh contact information and his place of residence is near the loan issuance, which will simplify the tax repossession, if necessary.
Today, demand for this type of portfolio exceeds the supply, because the share of Buy Here Pay Here loans in the auto loan industry is growing. Debt buyers are happy to consider and buy goods using this type of debt. Suppose institutional debt buyers usually buy auto loans. When companies sell BHPH portfolios, the circle of buyers is broader and includes mid-size retail investors and other BHPH dealerships.
Debt buyers will understand this product, so in evaluating the portfolio, there are no questions as a rule. Therefore, the transaction can be closed in a few days when using a professional intermediary.
The most common reason to sell auto notes is to get new liquidity to issue new loans. Or auto loans are sold to save time collecting a non-performing debt.
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Today, hundreds of lenders and dealers sell their auto loan portfolios using a forward flow mechanism (fixing the sale price on loans to be issued in the future), making the business's operating model more predictable and sustainable.
Excel spreadsheet that lists all the accounts that the seller wants to sell auto notes, while sensitive information of borrowers is masked. This is what a masked file means in the debt industry.
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Second step before the selling process starts is to decide to sell the entire portfolio or break it down into pools and geography, product types, and stage of delinquency. As a rule, each buyer specializes in a particular kind of geography or debt, so to ensure the maximum price, it is recommended to break portfolios into pools.
If the media is stored electronically, the sale process and the portfolio price will usually be higher because the buyer can start working with the portfolio immediately after signing the PSA. If the documents are stored in hard copies, then you need to ask to prepare media for sale by putting them in separate boxes.
The contract should reflect the actual terms for closing the transaction, transferring documents, and obligations of the seller and buyer.
The last step is the preparation of the Seller's Questionnaire, in which the seller describes the main parameters of the portfolio to be sold. A correctly completed seller's questionnaire will help buyers better understand the portfolio being sold, how it was previously collected, and other features.
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
Sellers don't have to be expert debt salespeople to sell BHPH notes at the best price. Debexpert has the unique experience of selling over 700 portfolios a year and a dedicated team that will do all the work for the loan originator. And best of all, Debexpert's platform is free for the seller.
The Debexpert team, will show you how to upload your portfolio from the system. After that, our analysts will perform an in-depth analysis and tell you about the strengths and weaknesses and market prices for similar portfolios.
Request Portfilio AnalyticsTo maximize the return on the portfolio, you need to develop a selling strategy, namely whether to sell the portfolio as a whole or break it up into parts. How to group accounts by type of debt, what kind of sale to choose: Sealed Bid, English, Hybrid. When to publish your portfolio and how much time to give buyers for analysis. When selling, all these questions need to be considered, and the Debexpert team will be your best helper.
The best sales results can be achieved if the buyers know about the portfolio sale, get answers to all their questions, and provide their offer in time.
Debexpert has over 500 debt buyers who bid online, thus ensuring the maximum price for their debt portfolio.
It is essential to use the right sales template for a successful sale and to sign it quickly with the buyer. Using a Debexpert Purchase Sale Agreement, the lender and debt buyer will always be protected, and electronic workflow will allow the contract to be signed within minutes.
After the sale, the buyer may have questions about the documents or the specific debtor,— it's most convenient to answer questions and pass on additional information using the CRM system of Debexpert.
"Very happy to work together with Debexpert group specially Henry with excellent clients service and they teamwork is very professional, helpful and knowledgeable they goes the extra mile to close for any of the clients. I really admire his work ethics. He is very hardworking and always has answer to our questions .Best part he’s always available to help. I would highly recommend they services. Thank you"
"Wonderful communication and support. I have always had all of my questions answered quickly, and everyone has been accommodating to make the process as easy as possible. I always look forward to seeing the new offerings, and am excited to be building a relationship with a great company!"
"Professional, fair, and goes the extra mile to close note purchases-especially important when dealing with unrealistic/difficult sellers."
"Henry is the Business Development rep assigned to our small boutique real estate investment firm. Henry is great with follow-up and answering any and all questions I have. We have been very pleased with both your platform and Henry's service and "can do" approach."
"Our rep at debexpert.com has always been very proactively communicative, reaching out to make sure we are aware of trades that fit our buying box and easily accessible to answer questions and help facilitate the process."
"Very happy to work together with Debexpert group specially Henry with excellent clients service and they teamwork is very professional, helpful and knowledgeable they goes the extra mile to close for any of the clients. I really admire his work ethics. He is very hardworking and always has answer to our questions .Best part he’s always available to help. I would highly recommend they services. Thank you"
Wonderful communication and supportWonderful communication and support. I have always had all of my questions answered quickly, and everyone has been accommodating to make the process as easy as possible. I always look forward to seeing the new offerings, and am excited to be building a relationship with a great company!
"Wonderful communication and support. I have always had all of my questions answered quickly, and everyone has been accommodating to make the process as easy as possible. I always look forward to seeing the new offerings, and am excited to be building a relationship with a great company!"
"I gave Debexpert 5 stars because they have excellent client service. They know their customers and check with them to make sure they have seen product that fits their criteria. Hitansh has been very helpful and knowledgeable."
"Professional, fair, and goes the extra mile to close note purchases-especially important when dealing with unrealistic/difficult sellers."
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