Vero Announces New $8.5 Million Series A Investment, Continues to Drive Growth Across the Wholesale Financing Market

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Loan Servicing

BUILD, BUY OR PARTNER?

Dedicated Loan Servicing

Leverage nearly 200 years of experience in the inventory and wholesale financing markets – without the overhead of hiring specialized headcount to handle the various nuanced responsibilities to successfully scale an asset based lending program

Services for every step of the lending lifecycle

Sales & Marketing

Sales & Marketing

Vero’s team of regional sales managers will source qualified dealers across any vertical to expand program footprint and grow the deposit base with new banking clients.

Credit & Underwriting

Credit and Underwriting

Vero’s team of experienced credit professionals can process applications, pre-qualify applicants and prepare credit memos in order to streamline underwriting.

Customer Support

Customer Support

Wholesale financing requires more touchpoints with borrowers relative to traditional C&I programs - Vero’s team can handle front-line customer support, ensuring that borrowers receive the care they require, without creating overhead for existing Servicing operations.

Funding Operations

Funding Operations

Verifying funding requests, interfacing with suppliers and managing documents are all part of the day-to-day operations of managing a floor plan program. Vero’s team has the knowledge, technology and processes to scale any program.

Supplier Management

Supplier Management

Managing the hundreds of manufacturers, auctions, and other wholesale channels from which dealers source inventory requires experience and relationships. Our Supplier Portal provides a self-service tool for funding and portfolio management for suppliers from any industry.

Title Management & Vaulting

Title Management & Vaulting

Collecting, verifying and vaulting titles is a critical requirement for compliance and risk mitigation. Without the right systems in place, this can create an abundance of challenges. Vero has streamlined the entire process, providing a scalable solution for managing physical titles.

Audits & Compliance

Audits and Compliance

Whether audits are handled internally or via a third party, scheduling, reconciling and closing audits requires real-time data and digital tools. Vero offers both virtual audit and on-site audit capabilities via our partnerships to streamline the closing process.

Recovery & Remarketing

Recovery / Remarketing

In the unfortunate event of a default, Vero can support the recovery and remarketing process of collateral through the appropriate channels. By partnering with Vero, lenders can accelerate the recovery process and maximize asset recovery rates.

Funding Lifecycle

Our platform includes advanced risk analytics and portfolio management capabilities, enabling access to portfolio data to drive more informed decisions – regardless of the portfolio size.

 

Gain access to a range of services designed to support the growth of the lending portfolio, including title management and vaulting, onsite and virtual audits, risk monitoring, and customer support.