Wade Torkelson and Persolvo Data Systems are pioneers of the debt settlement industry
Wade Torkelson is one of the pioneers of the debt settlement industry. He founded one of the largest debt settlement companies Homeland Financial and one of the leading service providers to the debt settlement industry National Support Services. His strategic marketing and business planning capabilities grew his companies over 200% in the first year.
Wade Torkelson co-founded Homeland Financial in 2001 and built the one of the largest debt settlement companies, with over 23 independent offices and over 20,000 clients. In 2005 he decided to sell the company and to pursue new business ventures.
Beyond his work in debt settlement, Wade was the head of new business development at The Jag Group who specialized in pharmaceutical grade supplements. He has always been at the forefront of other emerging technologies and industries.
He continues to consult with other debt settlement companies on compliance, settlement, marketing and overall financial matters. Wade is somewhat of an activist working on creditor relations and bridging relationships between the debt settlement industry and creditors.
Currently, Wade Torkelson is the Founder and President of Persolvo Data Systems, an innovative web-based application that automates the settlement process between debt settlement companies, creditors, collectors and debt buyers. Persolvo Data Systems aggregates hundreds of debt settlement companies, their client’s debt and provides the ability to quickly identify, offer and ultimately settle consumer debt efficiently. Persolvo’s online settlement system increases the volume of settlements and reduces the overall cost of collection.
Persolvo Data Systems is the leading aggregator of account information of debtors enrolled in voluntary workout programs. The Persolvo Web-based settlement portal was created to bridge the gap between creditors, debt buyers and collection agencies and leading debt settlement companies. The system uncovers lost settlement opportunities by locating hard to find debtors with highly-liquid settlement savings accounts enrolled in voluntary workout programs.
Using the Persolvo system, creditors, debt buyers and collection agencies can immediately locate these hard to find debtors, analyze the savings balances of individual debtors, submit lump sum or term settlement offers to multiple debt settlement companies simultaneously, and monitor or evaluate accounts for future settlement opportunities.
The Persolvo system provides the most up-to-date information about debtors enrolled in voluntary workout programs and provides a streamlined process to evaluate and maximize portfolio liquidation rates while being able to submit large volumes of settlement offers to multiple debt settlement companies with just the click of a mouse.
The Persolvo system exposes lost settlement opportunities while significantly lowering the cost of collections and increasing liquidity rates.
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