Funder required ongoing risk assessment in each lender
The challenge
The client, recognized as one of the most significant funders of residential lenders in the UK, sought regular assessments of its various lenders’ lending decisions.
Our approach
- To create and develop due diligence processes for different companies to satisfy funder’s requirements
- To conduct initial assessments, followed by regular reviews
- To ensure all funded companies complied with both funders and regulatory requirements
Our delivery
- We provided expert underwriting resources for each lender, reviewing their decisions to ensure compliance with client funding lines
- Reported regularly to our client highlighting suggested amendments to policy and/or processes where appropriate
- Designed and implemented regular reviews on each lender to ensure standards were maintained A consultative approach resulted in the client reviewing its strategy and changing direction
