In an interview with Money Marketing, chief executive Michael Bolton says the firm has not made a final decision on whether it will withdraw temporarily from the mortgage origination market.
But Bolton admits that the current market does not allow for any form of non-balance-sheet lender.
He also reveals that the company is looking at moving into the deposit-taking arena and will be making an announcement on this in the near future.
He says Edeus has always had an in-house servicing team, which he brought with him from HBOS, and claims the firm already has several contracts in place.
He says: “It is a service that will become increasingly in demand as we turn into the credit crunch. I do not want to sound like the doom and gloom chap but dare I say that we are moving the business towards the growth area of the UK mortgage market.”
Baronworth director Michael Brill says: “There is a space there for firms to enter this market. I think that they will do well as long as it is done sensibly.”
Bolton interview, p13