Stone Point buys majority of First Associates Loan Servicing
Summary
This transaction positions First Associates well to continue to build upon years of partnerships with industry-leading clients, an ongoing commitment to excellence and a track record of delivering outstanding growth and performance. “First Associates is proud and excited to be joining the Stone Point family of companies, and we are looking forward to the opportunities this transaction will enable us to bring to our clients,” said David Johnson, CEO. This combination of our two companies is a big win for the industry.” Stone Point CEO Chuck Davis added, “We are looking forward to partnering with the First Associates team. Their best-in-class financial service solutions deliver accelerated performance, enhanced capability & economic advantage. First Associates is proud to have earned a Morningstar Credit Ratings’ highest ranking for the past two years certifying their overall excellence in loan servicing and commitment to first-class security and compliance.