Higher priced vehicles financed at greater interest rates over extended loan terms have driven a rise in default rates. Designed for borrowers who care about their financial future, we're introducing a straight-forward repossession alternative.
Amerecover negotiates directly with a struggling borrower's loan servicer to agree on a reduced balance, then pays down that amount in exchange for the vehicle. This protects the borrower's credit from the otherwise inevitable damage of a repossession, while taking the servicer out of a distressed asset. As a settlement negotiator and liquidity provider, we create value for both borrowers and servicers.
The Amerecover team boasts years of professional experience, including first-hand experience with lenders, servicers, and fixed income portfolio managers. Armed with institutional deal making experience and our own deployable capital, we're positioning the firm to quickly identify loans in distress, negotiate, and execute. We never charge fees for our services.
Strategy Lead
Harlan has seven years of experience in asset-backed finance, with a focus on trading, portfolio management, and risk management of mortgage backed securities. He spent three years at quantitative investment firm Squarepoint Capital, preceded by four years at Carrington Capital Management.
Marketing Lead
Andrew has six years of experience leading research, development, and execution of statistically driven marketing strategies. His experience comes from time spent at Fortune 500 companies including Meta, Stryker, and Hershey.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.