Exact wins mutual servicing deal

Exact has won a contract to service mortgages for an undisclosed mutual lender with the boarding of a pool of £200 million having taken place earlier this month.

Exact now has eleven clients including four tier one investment banks and several investment funds.

The boarding of the new mortgage book comes after the recently news that Exact has been awarded a special servicer rating from Fitch Ratings, the global ratings agency.

Ian Lonergan, CEO of Exact, said: “We have had a great start to 2012. In January we received our special servicer rating from Fitch Ratings