Verification Agent

Independent Verification Agent Services for Structured Finance and Credit Facilities

Concord’s Verification Agent services provide independent oversight of loan and lease portfolios, ensuring that collateral data, reporting, and calculations are accurate, complete, and reliable. By independently testing loan tapes, recalculating performance metrics, and monitoring facility triggers, Concord acts as a trusted third party that safeguards transparency across structured finance, private credit, and capital markets transactions.

Our Verification Agent offering includes:

Data Integrity & Field Checks: Reconciling loan tapes with source systems and documents to confirm eligibility, balances, and portfolio composition.
Recalculation & Analytics: Independently computing advance rates, overcollateralization/interest coverage tests, delinquency metrics, and waterfall allocations.
Trigger & Covenant Monitoring: Reviewing compliance with financial covenants and facility triggers; escalating exceptions promptly.
Borrowing-Base & Eligibility Verification: Confirming collateral eligibility and borrowing-base calculations for draw requests in warehouse, ABL, and forward-flow structures.
Initial & Ongoing Reviews: Performing one-time pre-close due diligence as well as recurring (monthly/quarterly) reviews to align with investor reporting cycles.
Coordination with Trustees & Custodians: Working alongside trustees, calculation agents, and custodians to ensure end-to-end confidence in the facility’s control framework.

Key Benefits:

Enhanced Data Integrity: Independent recalculation and validation reduce reliance on borrower/servicer self-reporting, catching errors before they impact facility performance.
Protection Against Ineligible Collateral: Borrowing-base and eligibility reviews help prevent excess advances and ensure that only conforming assets support investor funding.
Early Exception Detection: Proactive monitoring of triggers and covenants ensures faster breach identification, enabling timely portfolio adjustments.
Improved Transparency & Confidence: An independent verification layer strengthens investor trust, supports due diligence, and aligns with best practices in structured finance governance.
Potential for Better Pricing & Liquidity: Reduced information and operational risk can help issuers achieve stronger advance rates, tighter spreads, and broader market acceptance.
Alignment with Private Credit & Fund Standards: Increasingly, private credit and fund-finance lenders expect an independent Verification Agent to oversee NAV, subscription, and back-leverage facilities, meeting governance and LP expectations.

What We Do: End-to-End Credit Administration

We provide end-to-end credit administration services designed to connect investors, originators, and consumers. Our workflow ensures seamless portfolio management, compliant servicing, and trusted results across every stage of the credit lifecycle.

Investors

Fund

Originators

Borrowers/
Consumers

deal-level credit administration

deal-level portfolio administration

Custom Solutions for Unique Loan Dynamics

Our clients span industries where reliable credit administration is essential. Concord provides customized solutions for investors, originators, and service providers in home improvement, solar, vacation ownership, and capital markets.

commercial / equipment

home improvement / energy efficiency

solar

vacation ownership

fintech / BNPL

specialty vehicle / power sports

educational certification programs

elective medical

subscription & settlement programs

Foundational Technology Innovation

Technology is at the core of Concord’s services. With Concord Link, AI-driven insights, and built-in compliance systems, we deliver secure, efficient, and transparent portfolio management.

Stable and Performant Platform with Distinct Value Proposition

• Purpose-built, highly configurable, and flexible platforms, battle-tested in serving specialty end-markets.
• Proven ability to meet client needs across varied asset types and delivery models at scale.
• Modernized architecture with continued investment in features.
• Functionality and value-added capabilities.

Next-Gen Technology Significantly Expanding Value Proposition

• Best-in-class technology platform informed by review of competitive solutions and built for specialty lending markets.
• Modern architecture enables lower costs and greater efficiency for new product development and new market entry.
• Extensive configuration and scripting capabilities enabling faster implementations.

Why

Concord brings decades of expertise, cutting-edge technology, and a proven track record of delivering exceptional results for clients across industries. Our commitment to reliability, innovation, and customer success makes us the partner of choice.