Crown unveils commercial risk assessment service

Crown Mortgage Management has launched a commercial risk assessment service for lenders and investors that want to im-prove their understanding of the risk profiles of their commercial mortgage portfolios.

The service has already been successfully trialled with the Cambridge Building Society.

Julien Holmes, managing director of Crown, said: “Opportunities in the commercial sector have attracted lenders whose core business is residential lending but the risk profile of commercial mortgages and the ways of mitigating this are not always understood.

“Using risk management pro-cesses at the underwriting stage, during loan administration and when delinquencies arise can help lenders to mitigate the risks they take on and substantially reduce their risk of loss.”

He added: “Commercial mortgage arrears require specialised management that is different from residential mortgage loans. And if they are used effectively, the tools available to commercial lenders can make a significant financial difference.”