SAN DIEGO--(BUSINESS WIRE)--First Associates & PFSC announced last week that they will be combining operations in tandem with First Associates’ recent investment round with Stone Point Capital. The combination of PFSC and First Associates brings two of the most prestigious loan servicing companies together to create a true industry leader who specializes in best-in-class servicing, technology and compliance.
“First Associates and PFSC have competed head-to-head for many years and built up a large pool of mutual respect,” said David Johnson, CEO. “It is exciting to now come together to build the finest, most credible and solution-oriented loan servicing company in the industry.”
Together, the companies will offer a full-spectrum of world-class financial services support, including:
- Commercial & Consumer Loan/Lease Servicing
- Customer Service Support
- Backup Servicing & Capital Markets Support
- 3rd Party Collections via their Activate Financial subsidiary
“This is an exciting time for both teams,” said John Enyart, President. “To combine PFSC’s process and commercial expertise with First Associates’ technology, efficiency and consumer expertise is a big win for the industry. We look forward to all the milestones we can and will achieve together.”
About the Company:
First Associates is a Morningstar Credit Ratings ranked company who offers in-depth industry expertise, cutting-edge technology and provides flexible, scalable and innovative solutions to meet the demands of any company. Portfolio Financial Servicing Company (PFSC) is an industry leader offering private label servicing of leases and loans, structured settlements and other installment-based contract support. Together, their best-in-class financial service solutions deliver accelerated performance, enhanced capability & economic advantage.