#21: ‘Honey, I Shrunk the Portfolio!’ – Why Backup Servicing Matters Currently, more and more investors fear they will never see their money again. The number of shakeouts in the market continues to rise. The Grey Capital Market is particularly affected. That is why we are talking today with a senior expert about the proper management of operational and financial crisis situations in which it is no longer possible for a Non-Bank Digital Lender (NBDL) to continue operating. Here the back-up servicer steps in. They secure the loan portfolio and keep business operations running. If this process is set up neatly from the outset, everyone benefits: the borrowers, the investors, and even the market due to the stabilizing effect. However, we will also talk about what happens when things go haywire because there is no back-up servicer. Put on some dirty clothes – it’s going to get messy! Speaker: 👉 Clifford Tjiok, CCO @ LOANCOS GmbH Host: 👉 Constantin Fabricius, Managing Director @ DLA Please note: 👉 The content of this podcast is expressly not to be considered investment advice, but is intended solely for your information. Listen on major platforms: 💥 https://lnkd.in/e-CQ7Ep4 💥
Many thanks for having me and my Back-Up Servicing topic in your Podcast, Constantin Fabricius Digital Lending Association!
Thank you, Clifford, for sharing your knowledge with us! It was a great discussion about the importance of back-up servicing. I am already looking forward to the conversations that this will trigger!