CU Direct, First Associates Loan Servicing, LLC, Partner on New Loan Servicing Solution

CU Direct, First Associates Loan Servicing, LLC, Partner on New Loan Servicing Solution
 

New Best-in-Class Loan Origination and Servicing Solution to be Offered to CUs

Ontario, CA- March 12, 2013- CU Direct (www.cudirect.com), the nation’s leading provider of lending solutions to the credit union industry, has signed a new partnership agreement with First Associates Loan Servicing.

As a result of the partnership, CU Direct and San Diego, California-based First Associates will be offering best in class loan servicing solution for credit unions.  The new solution will cover CU Direct’s core automotive lending business, as well as enabling coverage of other asset classes, such as student loans, solar leases and loans, and personal loans.

“We are excited to be partnering with CU Direct on providing a best in class servicing solution for credit unions,” notes First Associates’ CEO David Johnson.  “CU Direct is a strong leader in the credit union industry and a great partner for First Associates.”

A leading provider of portfolio back-up solutions for credit unions and other financial institutions, First Associates clients include financial institutions, private equity groups, government agencies and other consumer finance entities.

CU Direct and First Associates have confirmed that their new product offering, addressing all aspects of servicing, including billing and collections, has been rolled out and is now available.

“CU Direct is looking forward to partnering with First Associates, a recognized leader in the loan servicing marketplace,” states Brent Hollingsworth, national director of strategic alliances.  “Our goal is to provide leading products and services that help credit unions grow their auto lending portfolios, and through our new relationship with First Associates we’re able to deliver a cost effective, comprehensive solution that will meet the servicing needs of our credit unions.” 

About First Associates Loan Servicing

First Associates is one of the nation's premier consumer servicing firms and comprised of a team of professionals with a world-class experience, first-rate knowledge and exceptional technology. First Associates provides best-in-class servicing for titled assets and unsecured loan portfolios with a staff that is committed to providing the highest level of service to borrowers while maximizing lender and investor returns. More information is available at www.1stassociates.com.

###

© 2013 by First Associates Loan Servicing, LLC. All rights reserved

First Associates Loan Servicing SVP, Larry Chiavaro, to speak at Solar Power Finance & Investment Summit

First Associates Loan Servicing SVP, Larry Chiavaro, to speak at Solar Power Finance & Investment Summit

Larry Chiavaro will speak about, “The role of the Servicer and Back-up Servicer in Solar Securitizations” at the Solar Power Finance and Investment Summit on March 18^th

SAN DIEGO- March 14, 2013- Larry Chiavaro, SVP of First Associates Loan Servicing, will speak at the Solar Power Finance and Investment Summit in San Diego, California on Monday, March 18^th. Chiavaro will discuss the perspectives of rating agencies on solar securitizations. Chiavaro has strong historical ties to the rating agencies built over years of experience in the consumer finance industry.  At First Associates, Chiavaro has built a rapidly growing back up service business to enable greater rating agency confidence in consumer debt transactions.  He was instrumental in developing and executing First Associates new Integrated Solar Back Up servicing, the first back up service to integrate both financial and O&M backup.

“Solar securitization is a key component of growth in the residential market,” said Larry Chiavaro. “The ability to attract a broader investor base for long term debt will be the catalyst for rapid consumer solar adoption.  There have been many other lessors of operating assets that have tapped into the securitization market in the past.  Solar is a new asset class to the market but it has many precedents to draw from. The industry is working together to create the common processes, rules and documents that will enable the creation of a strong solar securitization market and First Associates is pleased to be part of that effort.”

“The Solar Power Finance & Investment Summit is recognized as the leading gathering place for the industry’s deal makers,” said Gretchen Luchsinger, President of Infocast. “We’re pleased to have Mr. Chiavaro join us this year.  He is very well connected in the industry and is always a great source of information and insight.”

Additional information regarding SPFIS can be found online at http://infocastinc.com/events/solar13.


About First Associates Loan Servicing

First Associates is one of the nation's premier consumer servicing firms and comprised of a team of professionals with a world-class experience, first-rate knowledge and exceptional technology. First Associates provides best-in-class servicing for titled assets and unsecured loan portfolios with a staff that is committed to providing the highest level of service to borrowers while maximizing lender and investor returns. More information is available at www.1stassociates.com.

###

© 2013 by First Associates Loan Servicing, LLC. All rights reserved

First Associates Loan Servicing CEO, David Johnson, to speak at Solar Power Finance & Investment Summit

First Associates Loan Servicing CEO, David Johnson, to speak at Solar Power Finance & Investment Summit

David Johnson will speak about, “The role of the Servicer and Back-up Servicer in Solar Securitizations” at the Solar Power Finance and Investment Summit on March 18^th

SAN DIEGO- March 5, 2013- David Johnson, CEO of First Associates Loan Servicing, will speak at the Solar Power Finance and Investment Summit in San Diego, California on Monday, March 18^th. Johnson will discuss the important roles that servicers and back-up servicers play in solar securitizations.

As CEO of First Associates Loan Servicing, Johnson has spearheaded the development of new and innovative approaches in the industry that have dramatically improved the value of serviced portfolios while rapidly increasing customer satisfaction rates. As a result, the company has become the nation’s fastest growing loan servicer with a multi-billion dollar portfolio under management.

“This is an exciting time in the solar finance market,” said David Johnson. “The industry is working together to create the financial standards and processes that will accelerate the already rapid growth of solar power in the United States.  First Associates has become a key strategic partner in the space by providing an unbeatable combination of innovation, service, and technology.  New offerings like our integrated Financial and Operations & Maintenance service have made us the fastest growing servicer in the consumer market.”

“The Solar Power Finance & Investment Summit is recognized as the leading gathering place for the industry’s deal makers,” said Gretchen Luchsinger, President of Infocast. “We’re pleased to have Mr. Johnson join us this year.  He brings a unique and valuable perspective to the industry that we are eager to hear.”

Additional information regarding SPFIS can be found online at http://infocastinc.com/events/solar13.

About First Associates Loan Servicing

First Associates is one of the nation's premier consumer servicing firms and comprised of a team of professionals with a world-class experience, first-rate knowledge and exceptional technology. First Associates provides best-in-class servicing for titled assets and unsecured loan portfolios with a staff that is committed to providing the highest level of service to borrowers while maximizing lender and investor returns. More information is available at www.1stassociates.com.

###

© 2013 by First Associates Loan Servicing, LLC. All rights reserved