San Diego, CA (May 14, 2010) – National loan servicer First Associates, Inc. today welcomed nationally-known sales leader Laurence Chiavaro as Executive Vice President and Equity Partner in the company. Chiavaro will direct the development of First Associates' business relationships, bringing the company's comprehensive servicing capabilities to financial institutions, private equity groups, government agencies and other consumer finance entities.
“With his depth of experience, industry knowledge, and long-standing commitment to integrity, we're proud to welcome Larry to our management team,” said Doug Henkel, CEO of First Associates, Inc. “Larry's proven ability to create win-win solutions throughout his career makes him a natural fit for our organization, and we look forward to his great success.”
Chiavaro brings more than 20 years of consumer loan experience to his new role, most recently with CSC Financial Services Group. As Regional Vice President at CSC, Chiavaro increased new business loan servicing contracts 300% despite a challenging economic climate. Previously, Chiavaro served as Vice President at Systems and Services Technology, Inc. and at Novastar Mortgage, Inc. His work with Novastar resulted in a record increase in production and the development of a high performance national sales force.
Chiavaro has also served as Senior Vice President at Interstate Net Bank, and as a key Sales and Business Development leader at HSBC Auto Finance and GE Capital Corp. Consistently delivering breakthrough results, Chiavaro's performance while at GE Capital earned him the right to present his successful in-house financing program to Jack Welch, former CEO of General Electric. Chiavaro will maintain an east coast presence in New York and will support First Associates clients nationally. He can be reached at lchiavaro@1stassociates.com.
