Executive Spotlight with Andy Black

Receivables Info Executive Spotlight with Andy Black

What are your primary duties in your current role?

General Manager – I oversee the day-to-day and strategies for all operations staff at Yrefy, including sales team, processing team, loan acquisitions team, and servicing.

Industry Q&A:

How did you join the receivables industry?

I started in 2004 collecting on a Department of Ed. contract. I remember sitting around at night doing mock talk-offs with my friend who got me into the industry, trying to figure it out.

In the receivables industry, what emerging trend has your attention?

Being that most of my 20 years in the space has been spent working on student loans, I’m paying a lot of attention to how the conclusion of the federal on-ramp period will impact repayment of both federal and private student loan repayment.

What are your hopes for the receivables industry?

I hope that the dust settles in the student loan forgiveness discussion, allowing students to finally be provided with a clear determination on how to address their loans and find peace.

What is your favorite part of working at your company?

Yrefy has taught me so much; when I started here, there were only 11 employees, including the owners. The ability to have input that makes an immediate impact on the company’s direction has been very rewarding. Being pushed to wear different hats and spend time learning the technical and software development side of the fintech space has been a bonus as well.

Professional Motivation & Inspiration:

Share a quote that motivates or inspires you:

“It is not enough that we do our best; sometimes we must do what is required.” – Winston Churchill

What is the best piece of advice you have ever received in life?

Seek to understand, then to be understood.

What are you most proud of, or what is your biggest accomplishment?

Having an impact! Not only helping borrowers figure out how to reduce the burden and stress of their student loans; but also impacting those I work with to dig deeper and strive to WIN at everything they do.

Personal Q&A:

As a child, what did you want to be when you grew up?

I don’t remember what the dream was. I just know that whatever I did, I wanted to be the best at it.

If you work from home, what is the best thing about your home office setup/working from home? And if you work in an office, what is your favorite part of working in the office?

We currently work in a hybrid environment, so we get the best of both worlds. Being at home and getting to “talk” with Ranger, my golden retriever, is great. But being in the office and hearing and feeling the pulse of the floor keeps me connected to our #1 asset— the people.

What is your favorite book, movie, TV show, podcast, or music genre?

Thank You for Arguing by Jay Heinrichs – Book

Thank You for Smoking – Movie

The MeatEater” – Podcast

People would be surprised if they knew…

80% of the red meat we eat at my house is from wild game, harvested by either myself or friends.

Do you have a pet? If so, what kind and what’s their name?

Ranger the Danger! The crazy-haired, English-speaking, ball-fetching, water-loving, go- everywhere golden retriever!

About Yrefy

Yrefy, LLC is a national specialty consumer finance lender that specializes in distressed private student loans. Their proprietary credit and risk tolerance model allows them to lend to the underserved, lower credit tranches. With Yrefy, student borrowers achieve financial independence and realize their financial goals.

Published On: November 22nd, 2024|Categories: Receivables Spotlight|Tags: , , , |

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