Specialist Bank
Global Investment Bank book purchase
The challenge
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Our client required a quality assurance review prior to the purchase of a £200m NPL book. The audit encompassed due diligence, AUP and title and security verification.
Our approach
- We reviewed over 25,000 document
- We extracted and verified that the correct title was on record
- We designed and implemented a RAG rated valuation audit
Our delivery
- Our work identified material risks that delivered significant cost savings to our client
- We identified missing information
- We implemented a remediation strategy where appropriate
- The portfolio was successfully purchased by our client
