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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Repay Holdings Corporation    RPAY

REPAY HOLDINGS CORPORATION

(RPAY)
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REPAY : Forms Advisory Board to Encourage Mortgage Transfer Payment Standards and Best Practices

11/06/2020 | 08:37am EST

Steady rise in mortgage service transfers between lenders prompts need for leadership to streamline the process across the mortgage industry

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically integrated payment solutions, today announced the formation of an advisory board to guide development of their Service Transfer Exchange (STX) solution. The STX Advisory Board is composed of mortgage industry experts representing a variety of companies and leadership levels.

Charter members include representatives from:

  • LoanCare
  • loanDepot
  • PHH Mortgage
 
  • RoundPoint Mortgage Servicing
  • Shellpoint Mortgage Servicing
  • US Bank

REPAY’s Ventanex business unit coordinates the STX network, which automates payment processing and routing between mortgage servicers. “Our advisory board members recognize the challenges of service transfers and are stepping up to help shape standards that will improve the process for servicers and their customers,” said Todd Harbison, REPAY vice president and current moderator of the board.

STX eliminates many labor-intensive steps during the 60-day consumer grace period when the transferring servicer must ensure delivery of missent borrower payments to the receiving servicer. The current process of physical check processing, manual data entry and analysis and shipment processing is cumbersome and error prone.

The STX Advisory Board will design and promote implementation of operating standards to ensure consistency; recommend enhancements to products and services to improve workflows; and promote participation and adoption of the new standards throughout their networks. The goal is to improve and standardize payment flow, eliminate errors, reduce delinquencies and create a better experience for borrowers.

To learn more about the STX Advisory Board and inquire about participation for your organization, please visit www.stxmortgage.com.

About REPAY

REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers and businesses.


© Business Wire 2020
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Financials (USD)
Sales 2020 152 M - -
Net income 2020 -28,5 M - -
Net Debt 2020 68,8 M - -
P/E ratio 2020 -79,0x
Yield 2020 -
Capitalization 1 921 M 1 921 M -
EV / Sales 2020 13,1x
EV / Sales 2021 10,4x
Nbr of Employees 243
Free-Float 94,6%
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Technical analysis trends REPAY HOLDINGS CORPORATION
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Mean consensus BUY
Number of Analysts 11
Average target price 28,90 $
Last Close Price 24,69 $
Spread / Highest target 29,6%
Spread / Average Target 17,1%
Spread / Lowest Target 1,26%
EPS Revisions
Managers and Directors
NameTitle
John Morris Chief Executive Officer & Director
Shaler V. Alias President & Director
Peter J. Kight Chairman
Michael F. Jackson Chief Operating Officer
Timothy Murphy Chief Financial Officer
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