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Acenden boards a second Irish mortgage portfolio for Mars Capital PDF Print E-mail
Friday, 24 April 2015

Acenden continued its impressive growth in the Irish residential mortgage market by boarding another portfolio of Irish non-performing loans this month from the Irish Bank Resolution Corporation limited (in special liquidation). This new portfolio represents the second mortgage book boarded by Acenden in the last 6 months having successfully migrated another Irish portfolio in September last year. This new portfolio of loans takes our total assets under management to €7billion.

The portfolio is a book of approximately 2,500 Irish first lien owner occupied and buy to let loans which we are servicing on behalf of an existing client Mars Capital. Customer contact and special servicing duties will be administered out of Dublin, in a fully regulatory compliant framework.
Alex Maddox, Business Origination Director at Acenden said: “We are delighted to work with Mars Capital on a second project in Ireland which demonstrates their confidence in our servicing platform and in our highly competent and experienced teams”.

(Source - Acenden Press Release)

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