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Rooftop to outsource technology to Vertex

Vertex Financial Services has signed a new outsourcing contract with specialist lender, Rooftop Mortgages.

The lender, owned majority owned by Bear Stearn, will receive full outsourcing capabilities – servicing admin, online funding release, securitisation and portfolio trading – from Vertex Optimus.

Rooftop has completed multiple securitisations, whole loan portfolio sales and works with a select group of around 50 distributors.

Vertex Financial Services managing director (mortgages) David Edwards says: “This significant contract consolidates our position as a leading provider of outsourcing services for the UK mortgage market, following on from our recent contract wins with db mortgages and Bradford & Bingley. We are delighted to have been selected by Rooftop Mortgages.

“The new contract will draw on our long-established expertise in this area and fits perfectly with our knowledge and skill base as well as taking advantage of the significant technological innovation for which we have become well known.”

Rooftop chief executive Ginny Darrow says “We chose Vertex’s solution not only because of their recognised and proven service quality levels, but also because of their ability to form such a strong working partnership with our team – bringing together some of the most experienced individuals in the marketplace. We are confident that this new strategic partnership will enable us to bring a leading-edge service proposition to the specialist mortgage market.”

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