October 17, 2017
First Financial Network (FFN), a leading global loan sale advisory firm, is pleased to announce that it has received the 2017 Innovation Partner award by Citi in recognition of its high levels of performance and service.
The Citi Supplier Awards Innovation Partner award recognizes one company each year who has worked to develop new products or service functionality, value and/or solutions to satisfy market needs that have resulted in positive changes in areas such as efficiency, productivity, quality, and competitiveness.
FFN has introduced innovative solutions that maximize value for Citi through a highly competitive, virtual loan sale process. A Citi supplier for seven years, FFN has brought additional value by allowing the bank to free up internal resources and gain efficiencies in its Global Remedial Risk Management Organization which supports the Commercial Bank at Citi. Loan sales have historically been paper heavy transactions and FFN has pioneered efforts and created technologies to support a paperless process that includes multiple proprietary patented technologies that fully support FFN's sustainability commitment, including digitizing loan documentation and conducting loan sale processes through FFN's secure loan sale platform, Loan Sale Network™. FFN's loan sale due diligence processes allow bidders the opportunity to seamlessly review and evaluate acquisition opportunities. FFN's FirstValue™ model provides a projected market value for loans so Citi can make informed decisions.
FFN was among seven companies recognized at this year's Citi Supplier Awards event that took place in New York Cityon September 25, 2017.
According to Bliss Morris, CEO, First Financial Network, "We are most honored to receive the prestigious Citi Innovation Partner award. We deeply value our collaborative relationship with Citi and the entire Global Remedial Risk Management Organization in creating innovative solutions that have culminated in achieving successful loan sale results, higher recoveries for certain commercial loans and significant internal efficiencies for Citi."
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 company provides financial advisory, loan valuation, loan sales and trade support services to domestic banks, international banks, governmental agencies including FDIC, NCUA, FHLBs, Fannie Mae, Freddie Mac, Central Banks, U.S. Treasury, World Bank, and the IMF as well as other financial institutions. The company's online Loan Sale Network™ platform and FirstValue™, a market-driven loan valuation model, are used in conjunction with exceptional marketing techniques to achieve optimal value in today's international loan sale market. For further information, call 405.748.4100 or visit www.ffncorp.com.
U.S. Contact: Merrie Duncan: 405-748-4100 or firstname.lastname@example.org