Exact wins secured loan servicing contract

Exact has won a new contract to service a book of second charge loans which adds approximately another 6,000 customers to its platform.

The firm will also be originating all new second charge loans for the client on its origination platform.

Exact recently announced that it is servicing a mortgage book for a mutual lender.

Ian Lonergan, CEO of Exact, said: “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.