Since our founding in 1999, FNA has grown to become one of the most respected tax lien buyers and servicers in the country. By remaining conservative in our growth strategies and retaining all servicing in-house, we believe we provide our municipal partners the best overall experience.
We currently deploy over $100 million per year in 13 states: Alabama, Arizona, Colorado, Florida, Illinois, Indiana, Iowa, Maryland, Mississippi, New Jersey, Ohio, South Carolina, and Texas. First National Assets’ longstanding presence in various markets and sustained record of profitability have resulted in strong and growing relationships with banking institutions, tax lien authorities, and local service providers.
Our advantage is driven by our robust Kroll-reviewed servicing platform, including proprietary technology, strong financial position, and creation of long-lasting relationships. The company’s servicing procedures and capabilities were reviewed by Kroll Bond Rating Agency, which concluded FNA possesses the necessary capabilities and attributes to effectively service tax lien receivables. With approximately 25 full-time employees, FNA has complete servicing capabilities: in-house legal team, origination, payment processing, property appraisal and sales, technology, and accounting.
Our majority owner, ArrowMark Partners, manages over $8 billion, which further enhances our depth of experience and financial strength. All liens acquired by FNA are managed and serviced in-house. The expertise of FNA’s staff has made them a leader within the industry in all aspects of acquiring and servicing municipal tax liens, as evidenced by the company becoming a rated servicer. Lastly, our commitment to creating long-term relationships with our business partners, our employees, and the municipalities in which we operate creates what we believe to be the best possible experience for those with whom we work.