First Associates Loan Servicing, LLC Announces Integrated Back-Up Servicing for Solar Companies
- Integrated Back-up Servicing includes both nationwide Operations & Maintenance and Loan/Lease Servicing -
SAN DIEGO- February 5, 2013- First Associates Loan Servicing, one of the country’s fastest growing consumer loan/lease servicers, announces integrated Back-up Servicing for solar portfolios. This break-through package provides both nationwide Operations & Maintenance and Loan/Lease Servicing.
“First Associates has become a key partner for many solar companies by innovating within the space and providing a breadth and quality of service that didn’t exist in the industry,” said David Johnson, CEO of First Associates Loan Servicing. “Our integrated Back-up Servicing allows Solar Companies to more effectively raise investment funds by addressing a key concern of both rating agencies and institutional investors.”
Already one of the leading providers of portfolio back-up solutions for banks and other financial institutions, First Associates has partnered with a global solar equipment and services provider to create a back-up solution that includes an operations & maintenance component backed by a fully operational renewable operations center and nationwide network of field support facilities.
Back-up servicing is an integral part of the financial industry landscape. While traditional back-up servicing has only dealt with financial operations, the emergence of the solar financial industry has led rating agencies and institutional investors to look for specialized solutions that encompass the physical operations of the portfolio as well. By offering a complete back-up servicing package, First Associates can offer its’ clients the extra security that they could not always count on with financial backup servicing alone.
About First Associates Loan Servicing
First Associates is one of the nation’s premier consumer loan/lease servicing firms comprised of a team of professionals with world class experience, first-rate knowledge and exceptional technology. First Associates provides best-in-class servicing for titled assets, unsecured loan and lease 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.