Marketplace Lending / Peer-to-Peer
First Associates is the leading third-party service provider in the marketplace lending / peer-to-peer industry. Our high-touch levels of service help major marketplace lending / peer-to-peer platforms improve portfolio performance and build stronger customer relationships. Our modular, turnkey approach to service allows marketplace lending / peer-to-peer companies to focus on their core activities while increasing the scalability of their organizations.
First Associates is also the largest provider of backup servicing in the marketplace lending / peer-to-peer industry, with relationships across the largest marketplace lending / peer-to-peer platforms. Our reputation in the marketplace lending / peer-to-peer market can make it fast and easy for your firm to establish backup servicing for your portfolio.
First Associates is well respected in the marketplace lending / peer-to-peer lending space as a trusted resource that can provide:
- Delinquency management
- Backup servicing
- Loan servicing
- Verification calls
We look forward to adding value to your marketplace lending / peer-to-peer organization. Contact us today.
Real Clients; Real Results
Challenge: Marketplace lending company with an increasing number of institutional investors as loan buyers needed a backup servicing plan that could cover the company and investors without creating multiple redundant arrangements.
Strategy: First Associates, working with the client, created a backup servicing platform that covered the client’s backup requirements and could be extended to additional investors without significant additional technical investment.
Result: The marketplace lending client was able to satisfy lender requirements while simultaneously reducing investment costs for its institutional investors.