In this episode of Consumer Credit Matters, host William Black talks with David Johnson (CEO) and Derek Gamble (CLO) of Vervent, the firm that stepped in as successor servicer following the Tricolor Auto bankruptcy.

They share what it takes for a backup servicer to become the front line in a lender collapse—managing data integrity, cash flow disruption, and investor communication—while highlighting what the case reveals about risk oversight in subprime auto ABS.

Topics include:

• Vervent’s rapid mobilization as successor servicer

• Coordination with trustees and warehouse lenders

• How double-pledging and weak data controls can cripple a platform

• What Tricolor’s failure signals for subprime auto

Listen, subscribe, and read more at https://www.consumercreditmatters.com