Credit portfolio valuation
Underwriting recoveries in distressed consumer debt.
Portfolio waterfall models and recovery analysis across charged-off consumer credit and other distressed receivables.
The question
Distressed receivables require a valuation approach that reflects the timing and uncertainty of collections, the cost of recovery and the rights established in portfolio agreements.
Adam’s work
Adam built waterfall models for charged-off credit-card receivables, secured and unsecured consumer loans, litigation receivables and housing debt. He reviewed fund and portfolio agreements and worked with investment and legal teams on valuation, recovery assumptions and portfolio bids.
The contribution
The models connected recovery assumptions and contractual economics to investment analysis and bid evaluation across different categories of distressed assets.
About this case
Drawn from Adam’s résumé description of work in a prior role. Portfolio identities and confidential investment terms are omitted.
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