Target enables new lending for Link Loans
Secured lender Link Loans is the first client to sign up to
Target's 'Lender Launchpad' service, offering new lenders the
assurance of long term control of funds and a flexible, cost
effective and rapid launch platform. This new contract adds
to Target's list of software and servicing clients who are
originating new loan business.
Target will service the growing Link Loans portfolio, providing
all post origination services allowing the client to focus on
customer acquisition and origination.
Kam Sanghani, head of operations at Link Loans, commented: "We
have an ambitious five year growth plan and aspire to become the
foremost lender in the secured loans market. Target's expertise,
robust arrears management approach and suite of tailored processes
will enable us to meet our growth plans. Partnering with an
outsourcing provider that is rated by S&P, has experienced
people, and the agility to take on our business requirements from
day one are key requirements for us."
Commenting on this new contract win, James Snow, CEO at Target
said:
"We're delighted to be awarded this contract with Link Loans.
Their ambitious growth plans promise to make them a real force in
the secured lending sector. Target has delivered a flexible, cost
effective, compliant and rapid launch platform that offers long
term security of funds."
Published: 14 May 2010