For a long time it was quiet in the NPL area: hardly any innovation, shrinking workout departments and analog processes. That was a reason for our founders Michael Weinreich and Jörg Olbing to change the industry with debtify. We are pleased that the topic is gradually gaining more media attention: In the latest article about debtify at StartupValley, you will learn the story behind debtify, plans for the future and challenges that debtify and our team had to master along the way. You can find the link here: https://www.st...
Managing your NPL-brokers via fax, telephone and email is not only inefficient and slow: It's also insecure. That's why debtify not only helps you eliminate the paperwork and information asymmetries: It also makes your NPL workout 100% GDPR-compliant. The debtify dashboard gives you extensive data on portfolio value, each property's status and detailed insights into the brokers you hired. In the video below, you can see how simple it is to manage your portfolios and brokers on debtify without sacrificing data privacy: http...
In addition to creditors and servicers, the NPL-Workout consists of more and more software. Digital solutions accelerate processes or even automate them. We believe there are enough great solutions that often get in the way of complex processes, conventions, and privacy concerns. It is part of our mission to digitize the NPL and real estate industries. The leading broker system FLOWFACT is pursuing the same mission. We are therefore pleased to welcome FLOWFACT to the debtify ecosystem. The debtify edition of FLOWFACT will ...
debtify Morning Talk: Stefan Butgereit What is a non-performing loan still worth? In most cases that mainly depends on the real estate’s worth, which was financed by the loan. However, due to fluctuating real estate prices, poorly defined conditions and other characteristics it is often difficult to make property valuations - especially in the NPL industry. In the past one had to rely on the assessment of an appraiser, but now AVMs (Automated Valuation Models) allow us to make property valuations online without having to h...
The turbulent times around the 2020 pandemic have not only impacted the public health sector in a major way: The economic consequences of safety measures might persist long after the entire population is vaccinated. When restaurants, hotels and retail locations suffer, this could have severe consequences for the real estate marktet: Individual loans securitized by private real estate might go unpaid and become NPLs. When commercial real estate stops generating revenue for its owners, they might be unable to fulfill their...
What’s debtify and how does it work? We were regularly asked these questions by banks, servicers and app developers. As of today, you can find answers (and sign up for debtify) on our brand new website. Check it out, find out more about debtify and join our NPL platform for free today!
While many parts of finance have long been digitalized, debt collection and NPL workout has lagged behind for years. The Startup Pill shows that the industry is changing: debtify is mentioned as one of the 10 most promising debt collection startups. We’re committed to revolutionizing NPL workout (and will expand to the entire debt industry) with a secure all-in-one platform for all debt professionals. Check out the article!...
Watch the video to find out how our platform simplifies your NPL workout.
