RNN Group Announces VAST℠

Atlanta, GA, January 25, 2017 – Lending executives have historically been challenged with protecting the personally identifiable information (PII) of their account holders after charge-off. With the need for data security at an all-time high, RNN Group, providers of the first centralized verified asset monitoring solution for post charge-off portfolio management and liquidation, announces VAST℠, its proprietary verified asset skip tracer solution. VAST℠ combines all marketplace data and verification models under one umbrella to address the traditional challenges faced by debt owners and increases portfolio liquidation upwards of 30-40%.

VAST℠ allows RNN Group to provide a comprehensive and consistently monitored waterfall service, enabling debt owners to centrally procure verified assets and accurate data across their national attorney network from a unified, single point of contact. This method safeguards the debt owners’ PII data across a national portfolio as well as eliminates accounts going inactive or dormant. Featuring a simple, single portfolio upload that’s built for speed and simplicity, VAST℠ takes the guesswork and vetting of new vendors out of the equation. Clients can quickly liquidate in a protected environment based on their security and compliance requirements.

“We developed the VAST℠ waterfall service to exceed the traditional dormant judgement service alternatives. It can therefore be used as a middle step between originating firms and higher cost dormant judgment providers. This allows us to eliminate increased contingency fees for our clients ranging from 10-25%,” said Donna Weaver, President – RNN Group. “VAST℠ is also designed to drive significant incremental liquidity across an attorney network because we have incorporated technology that addresses the common challenges associated with delivering millions of dollars in value and reduced compliance risk. That’s critically important to our clients.”