The loan portfolio contains £1 billion of loans for 25,000 customers. This announcement follows recent outsourcing contract wins for Target Loan Servicing with Ecclesiastical Insurance and LV= (formally known as Liverpool Victoria).
Commenting on the announcement, James Snow, chief operating officer for Target Loan Servicing said: “Lenders are looking at ways to efficiently service their existing loan portfolios, but to do this they need a highly specialist outsourcer. Target Loan Servicing offers them the benefit of quickly delivering value and stability.”
Target Loan Servicing provides outsourced services to finance houses and banks. Established in 2006, Target Loan Servicing is a fast growing subsidiary of Target Group.
