Purchase State or National Bid Portfolios

Bid portfolios on CMAX NDSE are another way in which buyers can purchase debt online. Bid portfolio auctions allow buyers to review masked data files online and determine their bid price. Similar to other types of auctions, the bidders can place their bids online and at the end of the auction a transaction is automatically executed between the seller and the highest bidder.

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Paying for your Debt Purchases

NDSE debt buyers are able to fund their purchases through wire transfers. Once the wire transfer is verified by the CMAX Accounting Department, the purchased accounts are immediately available for download by the debt buyer. The immediate delivery of purchased accounts assists debt buyers by allowing them to begin working the accounts and generating cash flow immediately. Some third party sellers may employ a slightly different closing process.

Funding instructions for each portfolio purchased are emailed to the debt buyer when the trade is executed online. The timeframe for payment will vary by portfolio so it is important that you check the Account Purchase Agreement prior to purchasing the accounts.

Buyer Post-Sales Support

Every portfolio sold on NDSE has a different post-sale process. It is important that you review the media page of the Seller Survey associated with each purchase for specific instructions on post-sale support.

When digital media is available for accounts, that media may also be immediately available for digital download after funding has been received. For attorneys that want to start working their cases, the immediate digital media delivery system built into CMAX NDSE can increase cash flow for those collecting with litigation models. In the collections business, time is money.

Debt buyers on NDSE (that purchase CMAX serviced portfolios) also enjoy the comfort of working with the CMAX Client Services Team for all their post-sale support needs. Our Client Services Team is known for their ability to get things done and expedite the media and buyback processes.

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CMAX NDSE is Unique

CMAX NDSE offers debt buyers a variety of benefits when purchasing accounts. Nowhere else in the world can a debt buyer purchase on an individual account basis. Customization of portfolios is a concept that is unique to NDSE and gives smaller debt buyers purchasing power they have never before experienced.

Historically in the debt industry a small buyer could not go directly to the bank to make a purchase. The banks had long standing relationships with larger debt buyers who could afford to purchase the entire charged-off portfolio from the bank each month. That buyer would then take out the accounts that they wanted to collect on, repackaged and resold the remaining accounts at a discount to 3 or 4 medium size buyers. This process could repeat 3 or 4 more times before the small buyer even had a chance to purchase inventory. Now that buyers can customize their portfolios the small debt buyer can purchase accounts earlier in the chain of title. Individual account sales through CMAX NDSE are revolutionizing the way that debt buyers and sellers transact.

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