The operator
PVOne: the US operator behind the programme.
PVOne MREC Advisors is the US asset manager behind the LienFlow programme. It owns the Borrower, acts as Servicer and contributes first-loss equity of not less than 10% of the loan.
People
The PVOne operating team
Evan Hareras
Previously COO and founder of Akouba Inc. (acquired by Velocity Solutions / HIG Capital). Built PVOne from $8M to $70M+ AUM in four years.
Stephen Deely
38+ years in tax lien origination. Licensed Illinois attorney since 1988. Led national expansion of multiple tax lien companies across dozens of jurisdictions.
Mark Lehrer
30+ years in the tax lien industry since 1996. Expanded acquisitions to 13 states. Oversees foreclosure, REO, collection and county relationships.
Nancy Gorman
15+ years in financial reporting, licensed CPA since 2003. Leads monthly closes, consolidated financial statements and quarterly board reports.
Charles Drost
18 years in banking and middle-market finance, MBA DePaul. Leads capital markets strategy and institutional investor relationships including the LienFlow programme.
Technology
Terminus: built to originate $150–200M annually
A proprietary, vertically integrated platform capturing 380 data attributes per lien and automating origination, surveillance, servicing and reporting.
ML redemption model
Machine learning probability scoring per lien, identifying high-risk positions before acquisition and updating continuously.
Nationwide auto-import
Automatic feeds from all active county tax authorities; auction listings imported as soon as they go live.
Interactive diligence
Full visual workflow with property images, comps and geo-coordinates; credit committee reviews flagged items in real time.
Bid discipline engine
Per-property bid limits set by algorithm; maximum premium and minimum acceptable rate enforced automatically at auction.
AVM integration
Automated valuation models check LTV for every candidate lien; below-threshold properties are auto-rejected.
Boarding to disposition
Full lifecycle from auction purchase through redemption, foreclosure or REO sale, with every state-specific workflow pre-built.
Payment & noticing
Automated payment posting and statutory noticing, integrated with county payment systems across all active states.
Bankruptcy & foreclosure
Real-time flags on liens in bankruptcy, automatic escalation to legal and a full audit trail for court proceedings.
Monthly reporting
Loan-level monthly servicer reports and quarterly audits, KBRA surveillance-compatible for all ABS transactions.
Scale capacity
$150–200M annual origination and $175–250M portfolio acquisition, scaling nationally without proportional headcount growth.
Contact
Let's talk.
Documentation — Information Memorandum, business plan model, PVOne servicer reports, BMCP engagement letter and Articles of Association — is available under NDA on request to professional clients.
Martin Bodocký
LienFlow a.s.