Aldermore has taken the warm standby option against a securitised portfolio of residential first charge loans. Masthaven’s agreement is for a cold standby against a portfolio which consists principally of residential second charge mortgages. The latest agreement with Skipton provides a warm standby for their Darrowby 3 securitisation, making this the third pool for which Crown has provided this service.
Andrew Doyle, Managing Director of Crown Mortgage Management commented:
“We are pleased to welcome Aldermore and Masthaven as standby clients of Crown. Masthaven is an award winning lender and Aldermore has just celebrated its fifth year in the industry. We look forward to the opportunity of working with both of them.
“We are also delighted to support Skipton in their third Darrowby securitisation. We place a great value on the relationships we build with our clients. We aim to provide a high quality service to them and when clients return to us with new business, we know that we are succeeding in our goal.
“We will continue to serve the increasing demand for standby servicing, whilst monitoring our risk exposure carefully. We have in place a proven capability to map systems and migrate portfolios efficiently and cost-effectively. Crown will continue to be an excellent choice for your standby servicing needs in 2014 and beyond.”
