November 10, 2016
Join us for networking, fine food, and drinks at the historic Green Dragon Tavern with Southern California's consumer finance, investment banking, automotive finance, marketplace lending and FinTech professionals.  

Come early and enjoy the free onsite revolutionary war museum .   Click here to RSVP.

Just six months ago, Lending Club lost more than half of its value after its iconic CEO was involved in one of the biggest scandals in the financial tech industry.  Now the company is staging a comeback, with shares jumping nearly 18% on Monday after reporting better-than-expected quarterly results and announcing a major partnership with the National Bank of Canada .   Read more.

No one will ever tell you that raising capital is easy, but until you actually step into the ring, it's difficult to fathom just how tough fundraising can really be. It's impossible to prepare for every single curve ball fundraising might throw at you, but as a savvy entrepreneur, it's wise to familiarize yourself with the common challenges and learn how seasoned entrepreneurs have overcome those obstacles in the past . Read more.

The Fed's latest consumer credit report revealed that in September, overall household credit rose by a greater than expected $19.3 billion, above the $18 billion expected, if below last month's near-record $26.8 billion.   Read more.

LoanDepot, founded by Anthony Hsieh less than 7 years ago, has become the 5th largest mortgage lender by volume according to the most recent report by Inside Mortgage Finance.  In 2015, loanDepot was acknowledged as the 7th largest retail mortgage provider.  Joining loanDepot in the top 5 ranking are the well-known names of JP Morgan Chase, Bank of America, Wells Fargo and Quicken Loans.  LoanDepot states it has experienced 400% annual market share growth and 70% annual year over year growth since launch .   Read more.

If you can't beat 'em, gang up on 'em.  Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of loan stacking.  Lending Club, Prosper Marketplace, Marlette Funding and Avant are among those that have joined such a group in the past month .   Read more.
Video: Hedge Fund Insights from the Consumer Finance Professionals Meetup 



Jason Gerlach, California Hedge Fund Association and Sunrise Capital Partners Richard Keller, Emerald Asset Managment


Contract verification is a key diligence step when purchasing or lending against marketplace loan portfolios.  Independent contract verification provides investors with the peace of mind of knowing that the loan contracts are accurate, complete and meet the criteria for the funding program.   In this brief, but informative webinar, you'll learn about methods of protecting your marketplace loan portfolio.

We'll discuss best practices for:
  • Confirming and validating each consumer contract within the loan pool
  • Assuring that the loans are accurately recorded
  • Identifying non-conforming contracts for remediation
Events

November 15, 2016




Building Strong, Long-Term Relationships with Borrowers

Primary Servicing

Experience a proven track record in reducing delinquencies and defaults through high-touch servicing. First Associates' Customer Service Team consists of highly experienced professionals trained to build and maintain strong relationships with borrowers.
  • White label functionality including highly customized branding and scripting, a friendly approach, rapid issue resolution, and tight integration with other third-party service providers
  • Delinquency management focused on building lasting relationships with customers through friendly, high-touch, multi-channel communications delivered by our omni-channel communications platform


First Associates is the fastest growing loan servicer in the nation and has been serving the needs of partners and borrowers for 30 years. Our state-of-the-art technology and infrastructure mean we have the flexibility and scalability to meet the demands of any client


First Associates Loan Servicing, LLC | (858) 999-3064 |  lchiavaro@1stassociates.com
15373 Innovation Drive, Suite 300,  San Diego, CA 92128