Morningstar Credit Ratings LLC Continues Stable Forecast For Equiant Financial Services Inc.

By Judy  |   |  eqNews, Uncategorized

(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.

###

 

  • Technology & Analytics

    Meghan Fisher • 6 min read

    eqDashboard: Big Data At Your Fingertips!

    eqDashboard business intelligence software makes it effortless to uncover important insights

    Read More

  • Great Eastern Resort Corp. Gets Results with Equiant’s Servicing Tools: Platform, eqConnect, eqDashboard and eqLearning

    Chandler, Arizona (Nov. 11, 2019) – Since migrating to Equiant’s loan servicing platform, Great Eastern Resorts Corp. has transformed its loan servicing department. “A year ago, we

    Read More

  • Treating People Like People

    Meghan Fisher • 6 min read

    Can you imagine what we will accomplish together?

    Request a demo now to reach new heights

    Read More

  • Culture Warriors

    Meghan Fisher • 4 min read

    An exceptional client experience is just a demo away!

    Request a demo now to experience the user

    Read More

  • Put out cloud-base platform to work for you.

    We're here to make your life easier.