For banks, credit unions, insurance companies and other financial institutions: FirstCity represents the opportunity to quickly dispose of under and non-performing debt and assets – secured or unsecured, highly collateralized or not. With FirstCity, you can stop wasting time and money managing under-performing assets and start focusing on your core business.
FirstCity employs a disciplined approach and experienced staff in its due diligence and underwriting activities. Our process covers a variety of valuation, substantiation and research techniques to maximize the tangible and intangible value of each portfolio.
FirstCity provides loan servicing for a variety of clients in the U.S. and in foreign countries. We utilize a flexible proprietary system that was specifically developed to handle the special servicing requirements for distressed, impaired and non-performing loans throughout the world.
FirstCity is an expert in realizing the value in impaired, distressed and non-performing loans. Our experienced asset managers exceed in negotiation skills. We know how to take non-paying accounts and return them to performing assets, as well as a thorough understanding of collection, foreclosure and bankruptcy procedures, laws and regulations.