Exact’s primary and special servicing continues to go from strength to strength and is set to pass the magic £1bn threshold in the next few months.
This includes both first and second charge mortgage across over 15,000 mortgage accounts.
Significant resource has been put into building a highly scalable outsourced origination platform, which will be attractive to either new lenders wishing to enter the UK mortgage market or those lenders looking to increase volumes.
The pioneering Mortgage Asset Reduction Strategies launched by Exact in 2008 to deliver principal forgiveness programmes on behalf of mortgage asset owners or "golden goodbyes", have now been used by nine clients on mortgage books with a face value of £2.2bn across 23,000 mortgage accounts.
Ian Lonergan, chief executive of Exact, said:“Exact has continued to attract new clients and grow its service offering substantially in 2012, and we anticipate further market disruption will make our products and services even more attractive to potential customers."
