Summit acquires pools of primarily performing consumer receivables from banks, both captive and third-party finance companies, seller-originators which have offered financing to their consumer customers, investment banks and other entities. Summit prides itself on our ability to underwrite the default risk and prepayment potential of these loans, while also increasing payment performance from expert servicing and collections practices. Summit utilizes proprietary risk modeling tools to forecast defaults, prepayments, cash flow and other attributes in order to offer competitive pricing to those desiring to sell consumer receivables portfolios. Summit, along with its investors, has acquired over one billion US dollars of consumer receivables portfolios in the last three years alone. Summit manages consumer asset acquisitions in the United States, Latin America, and Western Europe.
Our organization also works with investment banks, consultants, and brokers to facilitate acquisitions. For more information, please contact us.
- 4 Jan, 2015
- Josh Smith