SAN DIEGO, Calif., Dec. 4, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Supporting renewable energy as well as a growing commercial peer to peer solar customer base, First Associates Loan Servicing will now provide back-up loan servicing for Open Energy Group. Based in San Diego, First Associates Loan Servicing is one of the country's fastest growing loan and lease servicers.
Focused on maximizing returns through the power of renewables, Open Energy Group is a technology-driven investment platform that provides accredited investors with attractive, steady returns from the generation of renewable energy.
"Open Energy opens up an important platform for investors, and we are pleased to offer our innovative servicing solutions to support their growing business," said First Associates Loan Servicing CEO David Johnson. "With our best-in-class IT infrastructure and ability to deliver service across a wide range of asset classes, First Associates can really simplify the servicing process for businesses of all sizes."
Including this new relationship with Open Energy Group, First Associates Loan Servicing is dedicated to offering scalable, flexible, secure and compliant loan servicing solutions for consumer finance customers across the globe, including customized technology and customer service.
"As we continue to innovate in the solar and renewable energy market, we appreciate a back-up servicing partner that is both reliable and state-of-the-art," said Graham Smith, CEO of Open Energy Group. "Our team and platform is driven by technology, which makes First Associates an ideal fit."
About Open Energy Group
Based in New York, NY, Open Energy Group is a technology-driven investment platform that provides accredited investors with attractive, steady returns from the generation of renewable energy. Open Energy Group offers accredited investors direct access to higher return, lower risk, fixed income products by directly funding the construction and operation of commercial renewable energy power projects in the United States. Based on solar energy project finance fundamentals including contracted cash flows, low technology risk and proven asset managers, Open Energy offers attractive investment opportunities for investors, and accessible capital for builders and operators. For more information, please visit https://www.openenergygroup.com/.
About First Associates Loan Servicing
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, hedge funds and credit unions. First Associates Loan Servicing leads the Peer to Peer industry in providing customized technology and customer service solutions for its partners. For more information, please visit http://www.1stassociates.com.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/12/prweb12371682.htm