Global Debt Registry offers a comprehensive suite of cutting-edge solutions to the accounts receivable management industry including an account level chain of title solution, accurate data validation and a turn-key document management solution. GDR establishes and maintains accurate ownership as well as key static data for the life of the accounts and validates the data every time an account changes ownership, eliminating the risk of corrupted or inaccurate data filtering further into the marketplace.
Tracking account level chain of title as portfolios are bought and sold allows debt buyers to easily prove ownership when challenged. The current reactive solution to prove ownership of a specific account is incomplete (Bills of Sale) or invalid (Affidavits as Evidence). Using GDR titles allows your organization to reduce the volume of their documentation requests and allows debt buyers to proactively have all the documentation they need to prove ownership on every account. Reduces recovery timeframes by months. Provides the bank with immediate access to the current owner of its originated account.
The service allows the bank to outsource documentation management and distribution support for internal and post-sale recovery efforts to a third party. The bank can utilize current resources to augment the recovery efforts and reduce operational logistic costs. State and Federal Judges, as well as Regulators, The Consumer Bar, and Consumer Advocates cite lack of documentation during the recovery process as a major risk and litigation exposure facing the ARM Industry.
Maintaining clean and accurate account level data as accounts move through the recovery life-cycle produces an optimum opportunity to affect a successful recovery. The FCRA actually mandates the implementation of a "Data Integrity Program" for all industry participants as of 3Q of 2010. State courts are now requesting validation of account level data and "back to zero" type documentation support to establish a stated account and balance.
A Data aggregation service performed on the account level statements. Account level transaction history summaries, consumer charges and payment summary analysis provide enhanced opportunities for dispute resolution, balance verification, account validation, skip tracing assistance, and bank locates.
Provides the ability to complete the contract for sale, assignment, ownership and certification documents using date and time stamped, web based electronic signatures which meet national and international standards for enforceable electronic signatures.
Headquarters
Global Debt Registry, LLC
2 Mill Road, Suite 100-A
Wilmington, DE 19806
302.442.6218
Operations Center
Global Debt Registry, LLC
3901 South Providence Road, Suite D
Columbia, MO 65203
866.660.2341