Press Releases

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

 

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.

====================================================

 

SOC Audit Opens Doors for AmeriFirst

 

OMAHA, NE., Sept. 18, 2017 – With a new emphasis on protecting consumer data, AmeriFirst Home Improvement Finance, LLC completed a 2017 SOC Audit. In August, AmeriFirst proudly announced the completion of its SOC 2 (Service Organization Controls) Audit certified by national accounting firm BKD.  BKD is an international accounting and advisory firm with thirty-six offices in sixteen states.  The completion of the SOC audit demonstrates the effectiveness of the controls that AmeriFirst dutifully maintains.  As a market leader in servicing consumer loans, AmeriFirst continues to engage in efforts made to protect and safeguard confidential information shared by its clients.  This audit documents AmeriFirst’s demonstrated compliance efforts regarding information security.

As a component of the audit, AmeriFirst’s Compliance Committee and Technology Committee focused on compliance and the protection of consumers’ personal information.  This emphasis is justified by the recent data breach by Equifax (NYSE: EFX).  On September 8th, Equifax, one of the nation’s leading credit bureaus, admitted that hackers had stolen the data of over a 140 Million Americans from their systems.

The improved controls at AmeriFirst have earned the trust of existing and prospective clients.  Committing to a higher standard has opened opportunities to service consumer loan assets for investors who value AmeriFirst’s improved commitment to a highly functional and controlled process.

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 completes portfolio acquisitions of consumer loans through its Summit Consumer Receivables Acquisitions, LLC subsidiary.  For more information, contact Selina Stoller at sstoller@saifunds.com.