Our History

  • NPA Associates, LLC was founded in 1992 when Carl J. Fusco, formerly founding partner and CEO of First New England Financial, former CEO of Yegen Associates and founding partner and CEO of National Liquidators, purchased a significant consumer loan portfolio from Shawmut Bank and entered into an exclusive agreement to provide special servicing on a $400 million marine, recreational vehicle and manufactured home portfolio. 

  • In 2006, NPA entered into exclusive agreements with a substantial private equity fund with the goal of purchasing over $500 million in sub and non performing residential mortgages. Today, NPA services over 20,000 loans representing a UPB of just over $950,000,000. We pride ourselves on using creative solutions to turn sub and non-performing assets into terrific opportunities.