Launched only a few weeks ago, today Exact reveals its new look on website www.exact.co.uk
where the full range of services it offers is divulged.
The business, headed up by managing director Alan Cleary, finance director Ian Lonergan
and chief operating officer John Nixon, offers the Exact Asset Quality Assessment
Service (AQA), Exact Mortgage Servicing and the Mortgage Asset Reduction Service
(MARS).
Exact managing director, Alan Cleary, said, “It’s been a whirlwind of activity in
the past few weeks – as well as continuing to service our existing AQA clients we’ve
been developing new products to offer under the Exact brand – they’re now live on
www.exact.co.uk”
The website reveals each aspect of the business in more detail, including the innovative
Mortgage Asset Reduction Service. This programme was successfully piloted on the
edeus mortgage book earlier this year. It will offer brokers the opportunity to
earn additional proc fees as borrowers redeem their mortgages early and remortgage
with another lender.
Today Exact launches the service more widely to lenders and investors in mortgage
securities who wish to create value in a portfolio of loans.
Cleary continued, “The mortgage industry is in unfamiliar waters and it calls for
a new approach – it’s a dynamic market, and our focus has changed to reflect that.
Exact is building on the management team’s origination expertise to deliver fresh
and innovative approaches to credit quality assessment, mortgage servicing and collections
and RMBS restructuring. What we’re doing with AQA and MARS is unique and responds
directly to the changing economic environment. The gauntlet has been thrown down
and we’re rising to the challenge.”
