Vervent Assumes Active Servicing of Tricolor Portfolio

Vervent has assumed successor servicing responsibilities for the majority of Tricolor Holdings’ approximate 100,000 subprime auto loans following the company’s bankruptcy.

• Vervent was not involved in Tricolor Holdings’ originating practices or servicing operations prior to the collapse
• Following the Sept. 19 bankruptcy trustee court ruling, Vervent was authorized to assume servicing duties to provide continuity for impacted borrowers
• All loan terms and payment obligations remain unchanged

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Lara Sanli in New York at lsanli@bloomberg.net

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