First Associates receives FCA authorization to service UK loans

First Associates Loan Servicing announced today they have been authorized by the Financial Conduct Authority to undertake debt administration and collection in the United Kingdom.

David Johnson

“Receiving FCA approval is a great honor for First Associates and the next step in our continued global expansion,” said David Johnson CEO at First Associates.

“With this, we are now able to deliver custom loan servicing solutions that accelerate performance, enhance capability & offer economic advantage to existing and new clients within the United Kingdom.”

First Associates’ capital markets support services include backup servicing, contract verification, borrowing base calculation or validation, and custodial and treasury services. Pre-funding support services offered include applications by phone, customer service call support, borrower verification calls and document verification. Following funding they provide customer service call support, multi-channel collections support and borrower verification calls.