Category Archives: Mortgage Rates

First Associates Loan Servicing, LLC CEO David Johnson to Speak at FinTech Global Expo on May 28, 2015 in San Diego


San Diego, CA (PRWEB) May 21, 2015

Offering insights on the FinTech industry, David Johnson, CEO of First Associates Loan Servicing will be speaking at the second annual FinTech Global Expo on May 28, 2015 in San Diego, California.

Joining a panel entitled Marketplace & Online Lending for Small Businesses, Johnson and other industry leaders will share insights on how financing alternatives are fueling growth opportunities for small businesses.

“The FinTech Global Expo is a great opportunity for industry leaders to come together and engage with both leading and developing companies,” said Johnson. “I’m excited to share our insights on how the FinTech industry is changing the way that individuals and business access capital.”

David Johnson has 25 years of experience across industries including finance, technology and energy. He also serves as a Principal with Clearpath Advisors and held leadership positions with companies such as Memec, McKinsey & Company and Bain & Company working with Global 500 clients across North America, Europe, Asia, and Africa.

“We are proud to have David Johnson represent the servicing industry at the FinTech Global Expo,” said Andrea Downs, Founder and CEO of the event’s organizer Coastal Shows. “First Associates is a key player in the FinTech industry and their unique perspective will be a valued addition to the conference.”

The FinTech Global Expo is organized by Coastal Shows and will be held May 28-29, 2015 at the San Diego Convention Center. Worldwide venture capital investment in the FinTech sector has grown four times faster than the rate of overall venture capital investment in the last three years, according to a recent Accenture study. With the recent IPOs of Lending Club and Ondeck, increased API connectivity, mobile device proliferation and borrowers’ increased use of online platforms, many investors and consumers alike believe that 2015 will be the year that FinTech comes of age.

About Coastal Shows

Coastal Shows operates as an international, full service media company providing top-tier, tech-related educational experiences in the form of multifunctional events and tradeshows. Coastal Shows aims to deliver an elite and informative experience that connects attendees through innovative panel formats and exclusive access to current industry professionals. Coastal Shows’ team includes previous founders of the most prominent private conference, tradeshow and business publications media company in the wireless industry. For more information, visit http://www.coastalshows.com.

About First Associates Loan Servicing, LLC

Based in San Diego, First Associates Loan Servicing is the fastest growing third party consumer loan and lease servicer in the United States. The company offers a wide range of solutions for many consumer asset classes and consistently receives industry recognition for exceeding high performance standards and providing superior levels of support. First Associates has experienced management and staff, full SSAE 16 II audit, best-in-class IT infrastructure, as well as strong institutional relationships with commercial and investment banks, finance companies, investment funds and credit unions. First Associates Loan Servicing leads the Marketplace Lending industry in providing customized technology and customer service solutions for its partners. For more information, please visit http://www.1stassociates.com.

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Credit Card Builders Passes $88 Million in Funding for Small Business Clients


Spring Hill, Florida (PRWEB) April 21, 2015

Today Credit Card Builders announced that the wave of credit easing in 2014 continues to spur significant growth – helping the Company to surpass $ 88M in funding for their clients.

According to Fortune, business loans rose $ 42 billion in the fourth quarter of 2014, and credit card lending rose $ 35 billion. In contrast, mortgages rose just $ 6 billion.

Credit Card Builders helps small businesses and real estate investors get significant funding (up to $ 250,000 and more) at zero percent interest via creative credit card financing. For businesses and investors who only need financing for a year or two, intelligent credit card borrowing can be more cost effective than even a mortgage.

Ever since the current economic outlook improved and the market eased up, banks have looked for various ways to increase their earnings. Banks and federal associations are more liberal in their approach to risk, and always need to find ways to generate more business. The result is that some avenues of acquiring financing are now easier than ever.

One of the easiest, and if done correctly, least expensive, ways to get financing is via credit cards. While many credit card companies still charge tremendous interest rates, there are thousands of credit card offers at favorable rates for small businesses.

In fact, when the Office of the Comptroller of the Currency released their 19th annual “Survey of Credit Underwriting Practices,” they reported that among all loan products, credit cards had the greatest easing of underwriting standards.

Zero interest loans make sense for banks. For one thing, banks themselves can borrow at historic lows (they borrow at near zero percent from the Federal Reserve), so they have access to lots of capital. Add to this the notion that banks have a lot of ways to make money, and it starts to make sense.

Banks want to have relationships with small businesses and investors. If they already have a relationship, they want to surround that relationship with services to keep them from going to the competition. So, providing clients with great credit card offers costs them very little, and allows them to further develop those relationships.

Although many zero percent interest terms appear to be capped, according to Ari Page, CEO of Credit Card Builders, if you know what you’re doing, that’s not the case.

“Banks hope you’re not savvy enough to realize that if you know who to talk to and what to say, you can keep rolling over zero interest introductory offers into the foreseeable future,” he said.

According to Mr. Page, the following are some actions small businesses and investors can take to capitalize on low- and zero-interest credit cards.

1. If you don’t have a business entity, get one. It’s easy to acquire and anyone can do it. You want to be smart about it, as some entities are far more lendable than others. For example, having Marketing/Advertising or Business Management in your business name, indicates you are (on average) a better risk than someone with Real Estate in their title. There are also important nuances in terms of what type of entity you set up.

2. Know how to elucidate what your business does. If you’re stuttering, stammering or seem unsure of your business, don’t expect the bank to lend to you.

3. If you have personal credit issues, get them cleaned up. There are many agencies, such as Kaydem Credit Help, that can assist you.

4. Search the web for credit card offers for businesses.

5. Do your homework to sort through various offers, identifying any hidden fees.

6. Explore existing relationships and see what they’re willing to do. I once went to my bank to open a checking account and was offered a $ 17,000 credit card for being a loyal customer.

7. Consider requesting line increases or exploring promotional rates for those cards that you already have. Many banks won’t hesitate to reward good customers with increased credit lines.

Last June, Credit Card Builders announced a new funding program to make their business credit services more accessible to a wider array of qualified small businesses. Their Performance-Based Funding program allows qualified clients to defer payment until credit is received. With this option, there are no up-front fees, and borrowers can instead, opt to pay a percentage of the credit received.

Asked about his company’s success, Mr. Page said, “If you need significant dollars – $ 50-100K and beyond, you really need to know what you’re doing. Having created strategies and built relationships with leading lending institutions for eight years, we know the opportunities and the potholes along the road.

“Inexperienced borrowers do not realize how to pursue large amounts of credit without shooting themselves in the foot,” he added. “They can spend a lot of time trying to do this on their own and wind up negatively affecting their personal credit, applying for smaller cards that will lock them out of getting better deals, using strategies that will flag them as too risky, or incurring sneaky annual fees (we’ve seen them as large as $ 500) and/or high balance transfer rates. Another negative outcome is to be approved for a business card and only realize after the fact that the card will be reporting to your personal credit.

“Using a company like Credit Card Builders, where we hold your hand every step of the way, virtually guarantees that you’ll get the most possible credit for your business. Savvy executives know when to use their special skills for maximum gain, and when to outsource to the experts. These are the individuals who will be successful acquiring credit in our programs.

“As the economy improves and lending continues to increase, it’s even more imperative for business owners to know how to discern their options. We’re here to help so small business owners can do what they’re best at – making money.”

About Credit Card Builders: Founded in 2007, Credit Card Builders was created as an alternative to high interest lending. Through its relationships with some of the nation’s largest credit lenders, Credit Card Builders helps small businesses and real estate investors get up to $ 250,000 in funding with little or no interest.






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Anchor Loans Announces Partnership with Wafra Capital Partners


Calabasas, CA (PRWEB) May 05, 2015

Anchor Loans, Inc., (“Anchor”) the premier direct private money lender providing qualified developers with quick bridge financing for non-owner occupied property, announced today that it has partnered with Wafra Capital Partners Inc. (“WCP”), a registered investment adviser principally focused on managing structured finance and credit strategies.

The partnership will provide Anchor with an additional $ 500 million in available capital to meet the needs of the private lending marketplace and facilitate ongoing expansion into new territories nationwide. Anchor, which currently operates in 17 states, will remain in its California headquarters with current personnel under the new name, Anchor Loans, LP.

“Anchor conducted an extensive search to find the right partner to grow the business on a national scale. We are confident that Wafra Capital Partners was the best choice. Together, we are looking towards making great strides forward,” said Stephen Pollack, President of Anchor.

“We are pleased to partner with Anchor and are looking forward to growing the platform in both existing and new markets over many years to come,” said Michael Gontar, Chief Investment Officer of WCP.

About Anchor Loans

Profitable every year since its founding in 1998, and having shown exceptional performance through the Great Recession and housing crisis, Anchor has originated more than 9,000 loans totaling over $ 2.35 billion.

Anchor’s experience, relationships and in-house technology platform set it apart from other lenders in its ability to rapidly evaluate, underwrite and fund loans, typically in as few as 3-5 business days. In return for this rapid financing solution, Anchor borrowers pay interest rates on the loans ranging from 7.99% and 12.00%, generating highly attractive, risk-adjusted yield.






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