Pepper Advantage is ready to purchase Computershare’s UK mortgage servicing enterprise for an undisclosed sum.
Under the deal, which is pending approval by regulators, the belongings managed by Pepper Advantage within the UK will enhance to round £50bn.
The takeover of Computershare’s mortgage servicing enterprise will embrace its Topaz Finance and Zephyr lending arms.
Pepper Advantage plans to migrate its complete UK asset base, together with the servicing of shopper, residential mortgage and business loans onto its proprietary PRISM platform.
The firm says this growth will enable it to profit from economies of scale when it comes to servicing and automation, in addition to the power to draw insights from a much bigger knowledge set.
Pepper Advantage group chief govt Fraser Gemmell says: “This acquisition is a major step ahead in our mission to use expertise to rework the shopper expertise and enhance the service they obtain.
“It can also be a milestone for Pepper Advantage as we develop our UK AUM and considerably increase our capability to serve a wider shopper base.
“This strategic transfer displays our ongoing dedication to improve credit score administration by way of expertise; strengthen our platform capabilities; broaden our knowledge insights; and help higher outcomes for purchasers and clients.
“Computershare has been an important steward of the mortgage providers enterprise, and I’m thrilled to welcome its gifted UK mortgage group to the Pepper Advantage household as we embark on this thrilling journey collectively.”
