We have created a process that allows us to very quickly evaluate portfolios probably faster than anybody else in the industry.
We’re able to reach back into our historical archives, identify portfolios with very similar attributes and performance records, and apply that to the current portfolio that we're evaluating as well as evaluate our customers processes and how they're going to collect that particular debt.
We’re able to accurately predict how that portfolio is going perform, not only within the next 12 months, but out to 60 months.
One of the biggest challenges in the industry today as debt buyers is to go out to the market to bid on portfolios. There is a tendency to overpay for those portfolios to feed the engine, to make sure that they have inventory flowing through their organization, that they're collecting on it and generating some cash flow.
As a joint venture partner, we're completely aligned with our debt buyers and investors. So, we're trying to maximize returns for all three–were looking for somebody in the middle market that doesn't have the capital to scale and needs the power of leverage to buy portfolios to fill their shops up or to grow their footprint.