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First Associates Combines with Portfolio Financial Servicing Company to Strengthen Loan Servicing Solutions.

MANews-(C)2009-2019

29 July 2019 - California, US-based loan servicing company First Associates has combined operations with Oregon, US-based loan servicing company PFSC in tandem with First Associates' recent investment round with Stone Point Capital, the company said.

Terms of the transaction were not disclosed.

The combination of PFSC and First Associates brings together two loan servicing companies to create a company that specialises in servicing, technology and compliance.

Together, the companies will offer a full-spectrum of financial services support, including: Commercial and Consumer Loan/Lease Servicing, Customer Service Support, Backup Servicing and Capital Markets Support.

First Associates is a Morningstar Credit Ratings ranked company that offers industry expertise, echnology and provides solutions to meet the demands of any company.

Portfolio Financial Servicing company is an industry leader offering private label servicing of leases and loans, structured settlements and other installment-based contract support.

Country: USA

Sector: Banking/Financial Services

Target: PFSC

Buyer: First Associates

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jul 29, 2019
Words:175
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