VERIFICATION AGENT

Verification Agent Services for Structured Finance and Credit Facilities

Concord's Verification Agent services provide independent oversight of loan and lease portfolios, ensuring collateral data, reporting, and calculations are verified before they reach investors and trustees. We test loan tapes, recalculate performance metrics, and monitor facility triggers across structured finance, private credit, and capital markets transactions.

In structured finance and private credit, investors and lenders make vital decisions based on collateral data, facility calculations, and servicer reporting. Independent verification ensures those inputs can be trusted.

Key Verification Agent Features

Data Integrity & Field Checks

We reconcile loan tapes with source systems and documents to confirm eligibility, balances, and portfolio composition.

Recalculation & Analytics

Concord independently computes advance rates, overcollateralization and interest coverage tests, delinquency metrics, and waterfall allocations to remove reliance on servicer self-reporting.

Trigger & Covenant Monitoring

We review compliance with financial covenants and facility triggers on an ongoing basis, escalating exceptions promptly so breaches are identified and addressed before they compound.

Borrowing-Base & Eligibility Verification

We confirm collateral eligibility and borrowing-base calculations for draw requests in warehouse, ABL, and forward-flow structures.

Initial & Ongoing Reviews

We perform one-time pre-close due diligence as well as recurring monthly and quarterly reviews, aligning verification activity with investor reporting cycles.

Coordination with Trustees & Custodians

Concord works alongside trustees, calculation agents, and custodians to ensure custody records, reporting, and verification outputs stay aligned across the facility's control framework.

Why Concord’s Verification Agent Services

Enhanced Data Integrity

Our independent recalculation and validation eliminates the reliance on borrower and servicer self-reporting. We catch errors and discrepancies before they affect facility performance or investor distributions.

Protection Against Ineligible Collateral

Our borrowing-base and eligibility reviews help prevent excess advances and ensure that only conforming assets support investor funding.

Early Exception Detection

Our proprietary technology monitors triggers and covenants on an ongoing basis, surfacing exceptions as they emerge. That early visibility gives portfolio managers and trustees the time to act before a technical breach escalates into an event of default.

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

Independent verification reduces information and operational risk across the transaction, which supports stronger advance rates, tighter spreads, and broader market acceptance for issuers bringing deals to market.

Alignment with Private Credit & Fund Standards

Private credit and fund finance lenders increasingly require an independent verification agent to oversee NAV, subscription, and back-leverage facilities. Concord's services are built to meet governance expectations and LP standards.

Learn More