Sutherland Mortgage Services has announced Gatehouse Bank as its first UK client.
The Sharia-compliant bank offers savings products and finance for UK residential and commercial real estate.
The five-year contract will be delivered by Sutherland Mortgage Services’ UK team and will handle all of Gatehouse Bank’s buy-to-let finances on completion, managing the book for all the bank’s buy-to-let finance.
The third party servicer, which has around $250 billion in mortgage assets under management worldwide, will take a digital focused approach with the mortgage servicing.
Gatehouse Bank’s CEO, Charles Haresnape (pictured), said: “We chose Sutherland because undoubtedly it has the expertise and everything in place to deliver, and like us is on a growth journey in the UK. We may be the first UK client, but Sutherland’s global experience and capability speaks for itself.
“I was very impressed with Sutherland’s dedication to getting under the skin of Gatehouse, as an example Sutherland staff are undertaking the same training as our staff to really understand our values.”
Sarah Green, director of business development at Sutherland Mortgage Services, said: “We are thrilled that Gatehouse is our first UK mortgage client; they have an exciting prospect for growth in the UK, to service the Islamic market and really make a difference in this area.
“I believe working with Sutherland gives Gatehouse a step up with better customer experiences, quicker processing time and access to the latest technology, and Sutherland’s global expertise.”