February 23, 2016

Celebrating a history of innovation in financial services and a track record of outstanding service to clients, First Associates Loan Servicing, proudly announces their 30th Anniversary.  First Associates, the nation's fastest growing loan servicing company, located in San Diego, is excited to announce they are celebrating thirty years of proven success this month, with the anticipation of thirty more years of innovation and high performance in the financial industry.  Click here to read the full article.
 

America's smallest firms continue to hire at a solid clip, according to several measures. Some economists are keen to keep an eye on small-business hiring data, and it's no wonder. A significant chunk of American jobs-more than half, according to Labor Department data-come from the small-business sector, and small firms often respond more quickly to market conditions. They're more often service providers, labor-intensive over capital-intensive and especially sensitive to domestic consumers' spending habits. And while smaller usually means more agile, it also means those firms have less of a buffer for weathering storms. Read more.

The U.S. economy will be able to power though the turbulence from financial markets with the help of the consumer, said Cleveland Fed President Loretta Mester on Friday.  "I continue to monitor developments, but until I see further evidence to the contrary, my current expectation is that the U.S. economy will work through this episode of market turbulence and the soft patch of economic data to regain its footing for moderate growth, even as the energy and manufacturing sectors remain challenged," Mester said in a speech to a meeting of the Global Interdepedence Center in Sarasota, Fla.  Read more.

Household debt is a predictor of economic downturns according to a recent study by Atif R. Mian, Amir Sufi and Emil Verner. They looked at 30 countries over 1960 - 2012 and found that rising debt was an ominous sign for economic growth.  Should I be looking at debt when I make my forecasts? The chart below shows U.S. household debt as a percentage of gross domestic product, the measure that the authors of the study used. By eyeball I certainly don't see increasing debt as an indicator of recession or slowdown. There have been several periods of upward trend: the 1950s, mid-1980s, early 2000s. Only in the latest period was rising debt followed by a recession. But if you had used this indicator by itself, you would have called for a recession in 2003, long before the economy tanked.  Read more.

I just returned from the Prosper Show in Salt Lake City, Utah, which is a two-day continuing education event for more than 700 Amazon sellers, focused primarily on education, rather than sales.  Using moderated panels of competitors, the event is focused on key business practices that sellers must master in order to be successful, including business financing.  Read more.
Events
  
2/28/16 - 3/2/16
Las Vegas, NV
 
4/11/16 - 4/12/16
San Francisco, CA

Spotlight on Services:

Building Strong, Long-Term Relationships with Borrowers

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
About First Associates Loan Servicing, LLC.

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

 

www.1stassociates.com