18 December 2020
Link Asset Services (LAS) in the Netherlands has supported the Jubilee Place 2020-I securitization deal of buy-to-let loans, originated by its clients Nestr, Casarion and De Nederlandse.
Citi has supervised and placed the transaction. This securitization is a milestone for LAS as it shows their services in the Netherlands are not only innovative and customer-oriented, but also robust and scalable.
Since the end of 2019, LAS has been live in the Netherlands with these three clients, providing end-to-end servicing of buy-to-let mortgages on their technology-led, cloud-based platform. The flexible platform can be adapted and flexed for companies of all sizes and needs across different markets. They add value throughout the loan cycle with a more efficient, digitized and automated process. Even the most complex loan can be underwritten in a matter of minutes.
With the success of our clients’ originations during 2020, this first multi-originator securitization was possible within 12 months and has ratings from Moody’s and S&P Global.
LAS will be expanding its services within the Netherlands to onboard new lenders that provide private dwelling house mortgages through owner-occupied residential mortgage loans.
Rik Douwes, Managing Director from Link Asset Solutions said, “As the Netherlands’ new independent mortgage servicer with a proven European track record, we are delighted that our services have supported our clients in this momentous achievement. Nestr, Casarion and De Nederlandse had been on our platform for a year before Citi placed this transaction and this is just the start of our journey in supporting all three companies.”
Link Asset Services in the Netherlands
LAS in the Netherlands is part of the Banking and Credit Management division, global experts in providing technology-led administration and innovative financial service. Banking and Credit Management has over €80bn of assets under management and over 112,000 loans under management. After several acquisitions in the Dutch market, LAS in the Netherlands is a multi-specialist in the areas of packaging, underwriting, primary servicing and special servicing.