AmeriFirst Continues to Build – Adds $150 Million in Additional Servicing

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OMAHA, Neb., Nov. 29, 2017 – Just as road construction season ends across most of the country, the construction at AmeriFirst Home Improvement Finance, LLC, is picking up steam. October, AmeriFirst began the process of assimilating the servicing of two additional performing consumer loan portfolios totaling more than $150 Million.  The servicing of the portfolios was transferred from a large national loan and mortgage servicer which had recently experienced some financial challenges.  A thorough four-week detailed work plan for conversion allowed for a smooth one-day transfer which took place November 1st, 2017.  The client was extremely pleased with the quality and professionalism of the transfer.  Paul Cook, director of AmeriFirst operations, credited the transition plan and his team of professionals working the plan to perfection.

In September, AmeriFirst began expanding its office space in Omaha, Nebraska.  The additional office space, which will be move-in ready in December, will accommodate one hundred additional customer service representatives.  Don Kluthe, President and COO states “the additional space allows for the growth AmeriFirst continues to experience.”

AmeriFirst (www.trustamerifirst.com) is an Omaha, Nebraska-based consumer loan origination and servicing platform and is a wholly-owned subsidiary of SAF Holdings, LLC, a Reno, Nevada-based holding company which also performs portfolio acquisitions of consumer loans through its Summit Consumer Receivables Acquisitions, LLC subsidiary.  In 2017, AmeriFirst expanded its servicing platform to service additional third-party portfolios of consumer loans.  As part of this expansion, AmeriFirst also began marketing third-party backup servicing.  The “construction” at AmeriFirst will continue through the new year with plans to onboard additional consumer loan portfolios in 2018.  For more information, contact Selina Stoller at sstoller@saifunds.com.