Debitos launches Servicing Navigator to directly connect investors and banks with servicers
- Pan-European loan servicer database integrated into Debitos marketplace
- Servicing Navigator enables investors and banks to identify best-suited business partner
- The matching engine filters by jurisdiction, asset class, loan type and status, as well as by licenses
Frankfurt – September 23, 2022: Debitos, the leading loan transaction platform in Europe, has integrated an additional business intelligence tool which provides pan-European database of loan servicers into its marketplace to enable investors and banks to match with the best suited business partner in a fast-evolving industry.
The Servicing Navigator connects debt investors and banks with loan servicers on the Debitos platform, which has more than 400 of the biggest loan servicers and 1,700 investors registered from 16 different countries. The matching engine filters by jurisdiction, asset class, loan type and status, as well as by licenses.
“In recent years the loan servicing market has matured in the number firms operating and in increased sophistication, aligned to the broader secondary NPL market,” says Timur Peters, founder and CEO of Debitos. “We have tracked the growth and specialisation of market participants as a function of platform we continue to build and are now rolling out this market intelligence as a free ancillary service for all Debitos users.
“Banks and investors seeking to outsource loan servicing of problematic credit to external servicers can now search the Servicing Navigator on the Debitos platform to find the most appropriate external servicers across their credit portfolio.”
Debitos has already secured co-operation from the top servicers in Europe on the platform which have each created a profile detailing credit expertise, track record, licences and preferences. Discussions are ongoing with the remaining servicers registered on the platform to extend market coverage of the Servicing Navigator. Debitos is also committed to capturing the new entrants as the market continues to grow across Europe.
Debitos is the leading loan transaction platform in Europe that enables banks, funds and companies to sell their credit exposures on the market through its open and transparent auction-based online transaction platform.
The platform leverages on the digitalization of the entire sale process and can reduce the expected disposal timing to 3-8 weeks compared to 3-6 months of the traditional process. Debitos was founded in Frankfurt in 2010 and has since successfully transacted more than 800,000 loans in 16 countries. By now, more than 1,700 investors from all over Europe have registered with Debitos.