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Exact passes £5bn on mortgage due diligence service

Exact, the third party mortgage service provider has just completed its latest due diligence exercise on a large pool of mortgages that takes the total to over £5bn in the last two years.

Alan Cleary, managing director of Exact, says: “Whilst the last two years have been exceptionally challenging the need for owners and buyers of mortgage assets to fully understand the risk contained in the mortgage pools has increased. 

“Exact has benefited from this surge in demand and has worked for some of the world’s largest banks, hedge funds and building societies.”

He adds: “Never has there been a time where granular level credit risk analysis on mortgage pools has been so important. 

“Mergers of building societies are a definite area of growth for Exact as we can quickly and accurately advise them on the state of the incoming mortgage book.”

Exact also confirmed that they have several other large projects in the pipeline.


AMI marks seven years of fighting brokers’ corner

The Association of Mortgage Intermediaries is celebrating its seventh anniversary. The not-for-profit organisation launched in April 2003 just ahead of mortgage regulation and has been fighting brokers’ corner ever since. Chris Cummings, directorgeneral of AMI, says: “Through the ups and downs of the last seven years, AMI has been here to promote and protect the […]


Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.


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