Tricolor collapse lifts collateral verification business

CBZ Cbiz Inc

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PGY +2.34%

1. 1Following last year's collapse of subprime auto lender Tricolor Holdings, collateral existence and double-collateral verification services are booming
2. 2Consulting firm Guidehouse has seen demand rise 80%, while loan servicing company Vervent has reported a 50% surge in inquiries
3. 3Pagaya Technologies (PGY) is tightening collateral checks, including requiring its auto lending partners to sign up for verification services

Source Bloomberg · View original ↗

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