Alternative lending has doubled every year since 2010 in the United States, with $12 billion in originations in 2014. By the year 2020, alternative lending is expected to grow to $19 billion in consumer unsecured loans and $35 billion in business loans.
San Diego, CA (PRWEB) August 04, 2015
First Associates Loan Servicing, the leading servicer in the alternative lending industry, has launched the "Successful Alternative Lending Strategies" webinar series, which presents the leading players in alternative lending space sharing the strategies that have made them successful.
The ongoing series consists of 30-minute live, interactive webinars, each focused on winning strategies and participants in alternative lending. Future webinar topics include customer acquisition, capital raising, origination, servicing, licensing, whole loan purchases and new alternative lending platforms.
The first webinar, "Structuring Transactions for Rated and Unrated Securitizations", will take place on Tuesday, August 11, 2015 at 1:00 p.m. Eastern/10:00 a.m. Pacific Time. The speakers for this session will be Stephanie Yeh, Director, Investment Bank Division of Credit Suisse and David Johnson, CEO of First Associates Loan Servicing. The webinar series if free of charge to industry professionals, although pre-registration is required. Registration instructions can be found on the events page of the First Associates web site (http://1stassociates.com/events/).
Stricter regulations have resulted in many banks significantly cutting back on their consumer and small business/SME lending activities. This has created an opportunity for alternative lending to fill the void.
Alternative lending sources are offering borrowers the speed, simplicity and flexibility that banks do not. Leveraging financial technology allows alternative lenders to provide a wider range of loan options and faster funding than offered by traditional banks. According to a recent study, millennials are nearly five times as likely as Gen-Xers to have received funding from an alternative lender.
Alternative lending is disrupting the lending industry by leveraging financial technology to match borrowers with investors willing to fund the loans. On marketplace lending sites, borrowers tend to enjoy lower rates, faster approvals, and a more streamlined funding process than with traditional channels, such as banks. Investors have the opportunity to diversify their investments while typically earning higher returns than with banking instruments, such as certificates of deposit.
Alternative lending has doubled every year since 2010 in the United States, with $12 billion in originations in 2014. By the year 2020, alternative lending is expected to grow to $19 billion in consumer loans and $35 billion in business loans.
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 alternative lending industry in providing customized technology and customer service solutions for its partners. For more information, please visit http://www.1stassociates.com.