Pepper Advantage is about to accumulate Computershare’s UK mortgage servicing business for an undisclosed sum.
Under the deal, which is pending approval by regulators, the property managed by Pepper Advantage within the UK will improve to round £50bn.
The takeover of Computershare’s mortgage servicing business will embrace its Topaz Finance and Zephyr lending arms.
Pepper Advantage plans emigrate its whole UK asset base, together with the servicing of client, residential mortgage and business loans onto its proprietary PRISM platform.
The firm says this growth will enable it to profit from economies of scale in relation to servicing and automation, in addition to the power to attract insights from an even bigger information set.
Pepper Advantage group chief govt Fraser Gemmell says: “This acquisition is a big step ahead in our mission to make use of expertise to remodel the shopper expertise and enhance the service they obtain.
“It can be a milestone for Pepper Advantage as we develop our UK AUM and considerably develop our capability to serve a wider consumer base.
“This strategic transfer displays our ongoing dedication to boost credit score administration by means of expertise; strengthen our platform capabilities; broaden our information insights; and help higher outcomes for purchasers and prospects.
“Computershare has been a fantastic steward of the mortgage companies business, and I’m thrilled to welcome its proficient UK mortgage staff to the Pepper Advantage household as we embark on this thrilling journey collectively.”
