SAN DIEGO, Calif., April 16, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Continuing a strong growth record in the marketplace loan servicing sector, First Associates Loan Servicing has partnered with Credibility Capital to provide full servicing to the company's new marketplace lending platform for small business loans. Based in San Diego, First Associates Loan Servicing is the country's fastest growing loan and lease servicer.
Credibility Capital, a New York based company, closes a critical gap in lending for small businesses that have been traditionally underserved by retail banks. Through the company's proprietary credit decisioning, Credibility Capital delivers more convenient and affordable financing solutions to small businesses.
"We are very excited to partner with First Associates Loan Servicing," said Brett Baris, President of Credibility Capital. "First Associates has the expertise in small business lending and the industry-leading technology to be able to provide best-in-class service to our rapidly-growing base of business borrowers."
"We are thrilled to partner with Credibility Capital," said David Johnson, CEO of First Associates Loan Servicing. "Credibility Capital is a trailblazer in small business lending. Their innovative business model is a real game-changer in online lending. We look forward to growing with them."
Credibility Capital uses proprietary underwriting and insight to match businesses with lending capital sourced from institutional investors including hedge funds, banks, family offices, and insurance companies to fund loans. The Credibility Capital Risk (CCR) Score incorporates a range of data to assess the creditworthiness of the prospective business, assign an interest rate, and match the borrower with an institutional investor. The CCR Score takes into account factors including credit history and payment data, as well as key merchant data, to help assess risk and make quick lending decisions. Loans range from $10,000 to $150,000.
First Associates Loan Servicing LLC is a leader in servicing marketplace loans and has established relationships with many leading online lenders. In addition to full servicing, the company offers other support services, such as backup servicing, document validation, verification calls, and title management.
About Credibility Capital Inc.
Credibility Capital Inc., based in New York, is a marketplace lender focused on prime credit small business borrowers. The Company was founded by Brett Baris, who has been a financial services and financial technology investor for 17 years, and Mark Rambler, who was previously with Fortress Investment Group. For more information: Brett Baris at inquiries(at)credibilitycapital(dot)com or 917-848-7893, or via Twitter at @credibilitycap.
About First Associates Loan Servicing, LLC
Based in San Diego, First Associates Loan Servicing is the fastest growing third-party loan and lease servicer in the United States. The company offers a wide range of solutions for a variety of asset classes including business, consumer, solar, auto, timeshare and student loans. 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, hedge 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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First Associates Loan Service LLC Larry Chiavaro (858) 999-3064
