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Seven thousand one hundred extra loans for STATER. NIB Capital Bank and De Goudse Verzekeringen transfer servicing to STATER.
Amersfoort, The Netherlands August, 2003 -- STATER, one of Europe's leading independent providers in the private mortgage management sector, today announces that as from July 2003 the servicing of the former Tiel Utrecht portfolio of 7,100 loans has been transferred to STATER Nederland. NIB Capital N.V. acquired a considerable portion of these loans from Tiel Utrecht, which merged with Goudse Verzekeringen N.V. at the start of 2001.
"We want to focus on the activities we are best at, such as financial transactions, and concern ourselves as little as possible with the administration of mortgage loan portfolios. That is why we turned to STATER which specialise in this kind of work," says Hans Joris Coebergh, an associate of NIB Capital Bank.
The acquisition of the Tiel Utrecht portfolio by NIB Capital Bank is an example of the sale of a mortgage loan portfolio. Although a Whole Loan Sales transaction of this kind has become relatively common in the USA and the UK, it is only now increasing in the Netherlands. In addition to offering administrative support throughout the entire lifetime of the mortgage, STATER also offers support to its clients for this type of transaction.
Ends
Notes to Editors
For additional information, please contact:
STATER, Corporate Communications
Ingrid Archer
Postbus 2686
3800 GE Amersfoort
Telephone: +31 (0)33 45 09 611
Fax: + 31 (0)33 45 09 144
Website: www.stater.com
For additional information on NIB Capital Bank, please contact:
Hans Rijnberg, secretary general
Telephone: +31 (0)70 342 5905
Website: www. nibcapital.com
About STATER N.V. (www.stater.com)
STATER is the leading provider of independent, third party residential mortgage servicing in continental Europe. STATER, known as "The EuroServicer" for its Pan-European expansion strategy, is focused on streamlining the origination, servicing and securitization of mortgage loans in a completely automated and paperless format.
With headquarters in Amersfoort, The Netherlands, STATER currently dominates the Dutch market with a servicing share of 30%. STATER has also set up operations in Bonn to provide servicing for the German market and in Brussels for the Belgian market.
About NIB Capital N.V. (www.nibcapital.com)
The aim of NIB Capital Bank is to become one of the leading independent Merchant Banks in North-western Europe, with a worldwide distribution network. NIB's high AA rating, its financially strong and committed shareholders ABP and PGGM, plus its compact organisation, place the bank in a uniquely favourable position. Its major activities are corporate finance, risk management and structured investment solutions. The bank's main clients are corporates, financial institutions, institutional investors and family firms.
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