Shawbrook appoints Target to service its commercial mortgage portfolio
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Shawbrook Bank has appointed Target Group to manage and service its growing commercial mortgage portfolio.
Target is already providing outsourced service for Shawbrook’s secured and unsecured lending portfolios and it will now provide full account administration, customer servicing and arrears management for the commercial mortgage portfolio, allowing Shawbrook to focus on customer acquisition and originating new business.
Shawbrook provides retail savings as well as three core loan products, commercial mortgages, secured loans and unsecured debtor-creditor-supplier loans.
Nick McAuliffe, chief operating officer at Shawbrook, says: “Target’s tailored approach and experienced team will help us meet our business objective to grow the bank’s balance sheet and to provide a more flexible lending alternative to the big high street banks in the market today.”
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