SAN DIEGO--(BUSINESS WIRE)--Sep 22, 2025-- In response to the Tricolor Holdings Chapter 7 bankruptcy filing, Vervent Inc. has been authorized to step in as a successor servicer. Previously designated as backup servicer, Vervent has been given authority to assume servicing for the majority of Tricolor Holdings approximate 100,000 subprime auto loans, ensuring continued support for impacted borrowers. Before the Tricolor Holdings collapse, Vervent was designated as backup servicer, a role designed to protect consumers in the event of servicer or loan originator failure.