Shawbrook Bank teams up with Target
Share
Specialist loans and savings bank, Shawbrook, has appointed financial outsourcing provider, Target Group, to manage and service its growing commercial mortgage portfolio.
The new bank provides retail savings as well as three core loan products, commercial mortgages, secured loans and unsecured debtor-creditor-supplier loans.
Target will provide full account administration, customer servicing and arrears management for the commercial mortgage portfolio. Target is already providing outsourced service for Shawbrook’s secured and unsecured lending portfolios.
Nick McAuliffe, chief operating officer at Shawbrook Bank, says: “As a highly focused and agile specialist bank it’s extremely important to us that our customer experience is first class. Working with Target will ensure our customers receive an excellent service.
“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.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
