(Scottsdale, Ariz., Feb. 25, 2019) –Equiant of Scottsdale, Arizona, has received a MOR ABS2 asset-backed consumer finance ranking of Stable from Morningstar Credit Ratings LLC. In an announcement, Morningstar cited Equiant’s highly experienced executive management team and key strategic hires in senior management; enterprise risk management strategy; strong technology environment that includes an internally developed consumer finance servicing system, a well-defined project-management process, a layered network-security strategy, and disaster-recovery and business-continuity plans that leverage the company’s cloud-based infrastructure, and back-up locations for geographic data redundancy and processing; third-party auditing to produce a Service Organization Control 1 audit report annually; and its training and compliance program for employees and external clients.
“This announcement demonstrates Equiant’s commitment to providing best in class services and technology to our clients,” says Peter Moody, chief business development officer at Equiant. “We are continually investing in our staff, technology and systems, and this is just another signal that Equiant delivers excellence while servicing a wide range of receivables at a compelling fee structure.”
Morningstar Credit Ratings LLC is a subsidiary of Morningstar Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australia, and Asia.
Equiant is one of the United States’ leading structured finance servicers with a portfolio that exceeds $1.5 billion and includes more than 175,000 active individual consumer loans. Its array of financial technology products and services includes loan receivables servicing on a fully hosted web platform, PaaS receivables technology, point of sale merchant processing with PCI Level I compliance, document custody (including digital), integrated payments, integrated reporting, integrated communications and now integrated contact center tools for early stage recovery and delinquency control. To learn more about Equiant’s industry-leading security and receivables servicing, call Moody at (480) 636-4888 or visit www.equiant.com.