Unifund Earns Designations Under DBA International Debt Buyer Certification Program

Unifund CCR, LLC today announced that it has earned the designation of Certified Professional Receivables Company (CPRC) and Morgan Smith, Unifund’s Chief Compliance Officer has earned the designation of Certified Receivables Compliance Professional (CRCP) after completing the prescribed educational requirements of DBA International’s Debt Buyer Certification Program.

DBA President Bryan Faliero congratulated Unifund CCR, LLC, and said that DBA certification demonstrates a commitment to uniform industry standards and established best practices.  “By becoming a Certified Debt Buyer, Unifund CCR, LLC has demonstrated that it is committed to operating pursuant to the highest ethical standards, and will abide by the program’s standards of excellence.”

Jason Kaster, Unifund’s Chief Operating Officer added, “I’m very proud of the investment that Morgan and the entire organization has made in the last several years.  This certification, along with our SSAE-16 attestation and PCI compliance help to demonstrate that Unifund is at the forefront of the industry in compliance, data security and ethical operating standards.”

DBA’s Debt Buyer Certification Program consists of a company-based designation and an individual based designation for those who meet prescribed continuing education and background criteria.

Company certifications are granted to companies who comply with 19 uniform standards based on industry best practices. These standards address account documentation, chain of title, consumer complaint and dispute resolution, statute of limitation compliance, vendor management, credit bureau reporting, resale, and other relevant operational procedures.  Individual certifications will be required for each certified company’s chief compliance officer.

Compliance with the standards will be monitored through independent third party audits as well as through a structured self compliance audit process.  Allegations of non-conformity may be investigated, and penalties for failing to conform to standards could result in disciplinary action.

DBA has been accepting applications since March 2013, and issued its first certifications in May 2013.  For more information about DBA’s Debt Buyer Certification Program, or to download an application, please visit DBA’s website at www.dbainternational.org/certification/certification.asp.

Unifund is one of the country’s leading predictive analytics companies in the distressed consumer receivables industry.  Unifund purchases and manages receivables for themselves, public and private investors. Unifund offers others an opportunity to unlock the value of their dormant judgment and receivables portfolios through unique predictive and guaranteed asset location information. Unifund’s management experience and expertise allows business partners to leverage unique capabilities and capacity which increases their returns.

DBA International is the nonprofit trade association that represents the interest of companies that acquire distressed asset portfolios on the secondary market.  DBA provides its members with networking, educational, and legislative advocacy opportunities through an annual conference, an executive summit, regional seminars, state and regional committees, newsletters, webinars, teleconferences, and other media.  DBA promotes uniform industry standards of best practices through the Debt Buyer Certification Program and code of conduct.  Adherences to both are required for DBA membership.  DBA is headquartered in Sacramento, California.