AssetCore announces license agreement with Dexia
Dexia becomes the latest non-RP to join Assetcore following the sign up of a number of their borrowers from the sector.
The sign up of an established lender in the market is another step towards a collaborative sector-wide technology solution for managing loan security and asset data, with housing associations now embedding their processes into the AssetCore structure and starting to exchange data and documents with stakeholders.
J Latimer, Senior Manager of Dexia commented “The management of data exchange, storage and monitoring is often as much a challenge for the lenders as the housing association borrowers themselves. We see AssetCore as addressing a clear need in the market for standardisation of data between borrowers, lenders and their advisors. We are really pleased to have recently signed up with AssetCore to enable us to share security data and documents with our AssetCore-enabled borrowers.”
AssetCore provides housing associations with a dedicated system to store, manage, analyse, and report on all their loan security data and asset information in an efficient, clear and intuitive manner. At the same time, AssetCore enables RPs to easily share their data and documents with their lenders, trustees and professional advisors.