ARC Ratings is a European credit rating agency that is regulated and registered with the European Securities and Markets Authority (ESMA). Its rating is dependant on factors such as corporate governance, due diligence, internal controls, data disaster mitigation, and the overall financial health of the company assessed.
Following a review of the company, the agency granted LendInvest its top SQ1 Servicer Quality Rating for the sixth year in a row. One particular focus of the agency’s assessment and rating was the processes used by LendInvest to underwrite and service property loans.
In ARC’s latest review they acknowledged LendInvest’s second successful securitisation of £285m of buy-to-let loans that was oversubscribed and closed nine months after the lender’s initial issue.
The rating agency also recognised and commended LendInvest’s handling of the pandemic crisis with specific focus on its forbearance procedures, outlining it’s satisfaction with the processes in place in preparation for the possibility of a second wave.
Rod Lockhart, CEO of LendInvest, added: “After an unprecedented couple of months for the industry as a whole, it’s fantastic to see LendInvest recognised for its ability to weather a crisis and receive the highest possible rating for the sixth year running from such a respected rating agency.
“The business invests heavily in the development of its proprietary technology and continuous improvement of its internal processes, putting us in a perfect position to remain open for business, while offering the same seamless experience that our borrowers and brokers expect.”
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