Phillips & Cohen Associates (UK), the deceased account management specialist, has announced a plan to start providing mortgage administration services.
The specialist plans to expand existing client partnerships to incorporate both first and second charge mortgage services.
Adam Cohen, co-chairman and chief executive of the group company, said: “For the majority of consumers, their largest financial transaction in life will be a mortgage and ensuring appropriate treatment for these accounts is a significantly positive step for the industry.”
As the UK company of the group, Phillips & Cohen Associates (UK) works with more than 70 UK creditors across the banking and finance, home shopping, utility, telecoms and debt purchase sectors.
The business recently received approval from the Financial Conduct Authority (FCA) for mortgage administration provision, and intends to start providing the services straight away.