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levels of arrears at the time they seek advice than they did last year. Helping lower income households to stabilise their budgets and prevent a worsening debt spiral needs to be an ongoing urgent priority for government as well as for fi rms.”
Akbank, one of the largest retail banks in Turkey, has improved the way it makes off ers to consumers for new credit cards and credit limit increases by leveraging mathematical optimization and action/eff ect modelling from global analytics leader FICO. The use of FICO prescriptive analytics allows the bank to comply with rigorous national laws around credit off ers while growing credit card approvals by 45% and credit limits by 60%. For its achievements, Akbank won a 2022 FICO® Decisions Award for AI, machine learning and optimization. “Growing market share and revenues in the
credit card portfolio is dependent on the level of credit limits approved to customers,” said Serhan Pak, SVP of retail lending & advanced credit analytics at Akbank. “However, credit loss is also aff ected by the assigned limits.
Apex Litigation Finance have announced the appointment of Stephen Allinson, Solicitor and Licensed Insolvency Practitioner, as their new Head of Legal. He is a credit, debt and insolvency specialist who has
worked in the fi eld since 1987. His extensive background also includes setting up his own consultancy and before that he was a Business Recovery and Insolvency Partner at a major law fi rm. As well as acting as a consultant within the legal fi eld, Stephen also pursues other projects in the legal, insolvency and credit fi elds, and is a Visiting Lecturer at the University of Law. In addition to his extensive licensed insolvency work, he has also been an Associate Member of the Association of Property and Fixed Charge Receivers. A multi-disciplinary consultancy whose council is selected through leading members of combined professions, to off er professional support in property, legal and insolvency matters. He said: “I am absolutely delighted to be joining the growing team at Apex.
Stephen Allinson
Without a doubt, litigation funding is now a vital area in the litigation sector. With its concentration on mid-tier claims, Apex is well placed to become a very important player in this market. I am looking forward to working with Maurice and the team, and with the many solicitors and insolvency colleagues who will, no doubt, wish to discuss opportunities with us.”
Therefore, limit assignment is an area we believed would benefi t from optimization.”
Paradigm Mortgage Services, the mortgage services proposition, has announced the appointment of a new Mortgage Helpdesk Manager. Diane Jones joins Paradigm with immediate eff ect and will
have responsibility for the Mortgage Helpdesk team which provides full support and guidance to Paradigm member fi rms who have general mortgage enquiries or are looking to place more complex cases. In addition to this, the Mortgage Helpdesk creates hints and tips guides, monthly residential aff ordability stress testing and quarterly mortgage market newsletters to help Paradigm members maximise their effi ciency. She will report to Director of Membership, Richard Goppy, and will work
Diane Jones
closely with Katrina Ostrowski who moves into the new role of Senior Mortgage Helpdesk Consultant. Richard Goppy, director of Membership at Paradigm Mortgage Services, said:
“We are very pleased to be able to announce Diane’s appointment as our new Mortgage Helpdesk Manager. She joins us with a raft of experience and an excellent skillset to be able to move our Helpdesk off ering forward, building on what we already have in place. The Helpdesk plays a very important role within the business and I know that many member fi rms use it regularly and it is relied upon, not just for the instant guidance it provides but also the regular newsletters and updates it produces.”
June 2022
www.CCRMagazine.com
Foundation Home Loans has widened its criteria for its Professionals mortgage range which off ers enhanced loan-to-income limits for professionals. The lender’s Professionals mortgage range
allows fi rst-time buyers, home movers and remortgagers in eligible professions to borrow up to six times their income. Foundation is broadening its list of eligible
professions to now include Chartered Tax Advisers, Optometrists, Radiographers (diagnostic) and Chiropodists. The lender defi nes a Professional as someone currently practicing and holding a qualifi cation. Its list of eligible professions includes Accounting, Actuarial, Medical, Legal, and Surveying. It is also removing the previous age
restriction of 25 for eligible borrowers and reverting to the same minimum age as its standard residential mortgage range of 18. George Gee, commercial director, said:
“Since we launched the Professionals mortgage range towards the end of last year, we have seen strong uptake as well as feedback on how we might broaden the proposition to allow more borrowers to secure these products.”
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