Implementing a Loan Management System (LMS) for a leading UK Building Society

A Building Society sought to enter the Buy to Let market swiftly but lacked internal capacity. That's where we came in.

DVLA logo
  • £3.2 billion

    porfolio managed

  • £78+ million

    per month completions processed

  • 500+ monthly 

    Buy to Let applications

  • 6000+ calls

    to broker support team handled each month

The opportunity

They needed a partner with expertise to deliver a comprehensive, regulated origination and servicing solution.

Target designed and delivered this solution, ensuring the full brand experience with on-site underwriters for close portfolio risk control and seamless broker interactions.

A robust suite of Management Information reports was developed to track and monitor KPIs. Target's adaptable approach allowed for ongoing improvements and new product introductions, including a customer retention process.

Over 10 years, Target has successfully managed the clients £3.2bn portfolio.

Customer centric solution

  • Target provided full origination capabilities, including an online broker portal, automated decisioning, and a support team

  • Secure office space was allocated within Target premises for a dedicated team

  • Existing account servicing software supported all post-mortgage payout processes, delivered by CeMap-qualified staff

  • Each month, Target processed over 500 new Buy to Let applications and handled over 6,000 calls to the broker support team.

Delivering great outcomes

Rapid launch of new buy-to-let products in the UK market

Fully outsourced buy-to-let operations using modern technology

Transparent and governed servicing platform with insightful and comprehensive management intelligence

Operations and Specialist support teams assigned and trained

Products managed by Target

£78m+ per month completions processed through Target

No accounts >30 days in arrears

Voted Best Buy to Let Lender by Mortgage Finance Gazette.