Oklahoma City, Okla.-based First Financial Network, Inc., (FFN), the nation’s leading loan sale advisor, is pleased to announce that it will market and manage the sale of approximately $6 million in loans from Hume Bank, for which the FDIC is acting as receiver.

Bliss Morris, President and CEO of FFN, said, "We are pleased to assist the FDIC with this assignment. We have proven our ability to transact loan sales of this nature on behalf of the FDIC and look forward to conducting another successful portfolio offering."

At the direction of the FDIC, FFN will initiate a highly targeted marketing campaign aimed at procuring qualified purchasers in order to obtain maximum value on the portfolio. Loan sale support services necessary to accomplish a sale such as this on behalf of the FDIC include portfolio analysis, valuation, marketing, imaging, investor due diligence management and coordination of sale closings.

FFN will utilize its online Loan Trading Platform(TM) to image loan documentation in the portfolio and provide qualified investors with immediate access to due diligence information and the opportunity to place bids. Investor due diligence is scheduled to begin on May 5, 2008 with a bid date of May 20, 2008. For more information regarding the offering, please call 405.748.4100.

About First Financial Network
Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. The nation’s leading loan sale advisor, FFN currently serves more top 25 banking institutions than any other firm in the nation. In addition, the company serves as loan sale advisor for agencies of the Federal government, commercial banks, major foreign banks and other lenders. The company’s online Loan Trading Platform and Metrics, an integrated transaction management system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today’s secondary market.


Next Article: TouchStar Guarantees its Call Center System will ...

Advertisement