View more on these topics

Second charge lender to originate new business via Exact system

Exact it is set to provide a white-labelled front-end system to allow an as yet unidentified second charge lender originate new business.

The firm was unable to name the second charge lender for confidentiality reasons, but it has also agreed to service the same lender’s loan book which will add a further 6,000 customers to its servicing platform.   

Exact is run by the same team behind lender Precise Mortgages.

Ian Lonergan, CEO of Exact, says:“Our strategy of significant investment in origination and servicing platforms is starting to pay dividends and the number of new contracts we have won this year is encouraging.

“I expect more companies to outsource their origination requirements, as the market becomes more complex it makes a lot of sense to leverage our capabilities.” 

Recommended

Newsletter

News and expert analysis straight to your inbox

Sign up