Solving the title deeds challenge
The recent activity in property portfolio trades in Ireland has highlighted the lack of attention given to the registering of title deeds by lenders during the boom and this has led to significant problems when it comes to carrying out verifications on behalf of the potential portfolio purchasers. In some cases it has been shown […]
Mortgage Market Review – behind the headlines
The reporting implications This is the first of our commentaries on the detail behind the MMR, designed to highlight the less obvious effects on lenders, home finance providers or loan administrators. The MMR project is not just a date in the diary when changes should be implemented, but an ongoing process, that will need embedding […]
Choosing a Servicer – an independent view
A key decision for any investor in the mortgage and loans sector is who to team up with to service their portfolios. This question is normally asked by the investment team as they start crunching the numbers and modelling the different collection scenarios to establish the potential return on investment. In highly competitive markets, where […]
Mortgage Market Review – behind the headlines
Transitional and contract variations For our second commentary on the detail behind the MMR, looking at the less obvious effects on lenders, home finance providers or loan administrators, we are focussing on contract variations. With the 26th April fast approaching the market place has seen an overload of information about how brokers and lenders propose […]
Lenders Credit Appetite
The Bank of England recently published the results of its quarterly survey of credit conditions for Q4 2014. It shows some interesting responses from lenders as to what happened during the run up to the year end and some views of what may happen in the early part of 2015. The supply of secured and […]
Mortgage Market Review – behind the headlines
Formal testing of the MMR process In the same way that Mortgage Regulation Day in 2004 was not simply a one day wonder; the same will apply to the launch of MMR. This commentary is focused on how the FCA will assess the success or failure of the implementation of MMR and what areas will […]
The “rise and rise” of the Chief Data Officer
Any holder of mortgage portfolios will realise that correct and accurate data is one of their most valuable corporate assets. Compliance and regulatory initiatives continue to impose heavy burdens on financial firms, especially those with poor information management infrastructures. Many organizations would also agree that they lack the focus, skills, competency and possibly leadership to […]
Mortgage Market Review – behind the headlines
FCA review Over a month has now elapsed since the implementation of MMR and the news headlines are proving interesting. The national press is concentrating on how intrusive the information required by lenders is when assessing client’s income and particularly expenditure behaviour. The answers to these questions subsequently determine the amount clients can borrow. The […]
Data Integrity Verification – our recent experience
Since expanding operations into Ireland and Spain, we have undertaken a number of loan book audits on behalf of purchasers. We have been involved in the assessment of a wide variety of loan book types, including prime rmbs, cmbs, auto financing and unsecured, and a common trend throughout the audits executed is a significant level […]
Selecting and monitoring your third party suppliers – a case study
We have previously reported on the importance of carrying out due diligence on suppliers. Behind any well-presented “sales pitch” by suppliers is the seemingly obvious need to ensure that your individual business requirements can be accommodated within your chosen supplier’s processes. We have been in dialogue with one of our customers who commented on the […]
