September 12, 2011
OKLAHOMA CITY - First Financial Network Inc. launched its customized Loan Sale Network, which was developed to help financial institutions and investors in marketing and acquiring large portfolios or individual loans. The platform is set up in such a way that any number of loans can be sold in any combination or as a one-off trade. "Banks are looking for alternative disposition strategies suited for their particular situation in the sale of loans," said First Financial Network founder and CEO Bliss Morris in a press release. "The Loan Sale Network automates and coordinates the seamless flow of information and execution of processes that we have developed in the traditional marketplace over the past 20 years." Additionally, FFN has opened a New York City corporate office at 415 Madison Ave., which is being headed by Stephen D. Quinn.