Expertise

Two mandates: pricing a portfolio, and monitoring it afterwards.

The work divides at closing. Before a transaction, the question is what the portfolio is worth and what a buyer can afford to pay. After a transaction, the question is whether cash is arriving in the amounts and on the timetable the price assumed.

NPL Portfolio Underwriting

What is the portfolio worth?

We analyse loan portfolios before acquisition to estimate the amount, timing and cost of expected recoveries.

Capabilities

Loan tape review and normalisation
Portfolio segmentation
Material exposure review
Recovery scenario modelling
Borrower and guarantor analysis
Collateral analysis
Security and creditor-ranking review
Legal-risk identification
Recovery timing assumptions
Servicing and enforcement cost assumptions
Downside analysis
Sensitivity analysis
Maximum acquisition price
Bid analysis
Investment Committee materials

Typical outputs

Portfolio screening note
Loan-level underwriting model
Recovery model
Risk register
Pricing model
Sensitivity analysis
Bid recommendation
Investment Committee memorandum

NPL portfolio underwriting →

Portfolio Monitoring & Recovery Strategy

Is the portfolio performing against underwriting?

Following acquisition, we monitor expected versus actual recoveries and help coordinate the workstreams that affect portfolio performance.

Capabilities

Exposure-level recovery strategies
Expected-versus-actual monitoring
Recovery forecast updates
Restructuring analysis
Settlement evaluation
Servicer monitoring
Legal-workstream coordination
Collateral monitoring
REO monitoring
Valuer and broker coordination
Cash collection monitoring
Portfolio reporting
Updated return forecasts

Scope

We are not positioned as a mass-market collection call centre. Our role is to help the investor monitor the portfolio, assess available recovery options and coordinate the relevant financial, legal and operational specialists.

Portfolio monitoring →

How the two connect

The model built to price a portfolio becomes the benchmark used to monitor it. The same segmentation, the same recovery assumptions and the same cost lines carry forward, so a shortfall can be attributed to a specific assumption rather than to the portfolio as a whole. Investors who acquire portfolios repeatedly get most of their improvement from this feedback, not from the next model.

Reviewing a distressed-credit opportunity in Morocco?

If you are evaluating a portfolio, preparing a transaction or monitoring acquired exposures, we would be pleased to discuss the situation.

Discuss an Opportunity