Press Release
BCMGlobal Completes Acquisition of Redwood, Reinforcing Its Position as a Leading European Loan Servicer
BCMGlobal, part of LC Financial Holdings (LCFH), proudly announces the successful completion of the acquisition of Redwood, a specialist loan servicer and real estate asset manager based in Madrid, Spain.
BCMGlobal is one of Europe’s leading loan servicers with over 25 years’ experience delivering servicing solutions to Europe’s leading banking and financial institutions. BCMGlobal services loans throughout the loan lifecycle, including mortgage origination, primary, special, back-up and master servicing, as well as structured finance and tailored BPO services. We leverage our core expertise in banking and credit management and a deep understanding of customer-focused, regulated business environments.
Redwood was incorporated in 2018 and manages c.€1Bn worth of Investments Funds and Banks PLs, NPLs and REOs both individual and corporate. Redwood provides services throughout the asset lifecycle value chain. Headquartered in Madrid, Redwood’s core end-to-end servicing capabilities are enhanced by additional value-added services, including Corporate and Advisory Services.
Simon Fitness, CEO BCMGlobal said
“We are excited by the prospects for our combined businesses. Together with Redwood, BCMGlobal’s operations will span eight offices in five European jurisdictions (the UK, Ireland, Italy, the Netherlands and Spain). We will manage assets of over €45bn, including over 150,000 mortgages, and have a combined team of over 800 dedicated professionals. Most importantly, the calibre of the Redwood team and the exceptional service that they deliver is the perfect fit for BCMGlobal. We look forward to introducing the Redwood team to our clients and supporting their growth in the Spanish market.”
Pablo Enciso, Managing Director of Redwood said:
“Through our combination of deep subject matter expertise, proactive asset management and exceptional customer service, Redwood has earned its reputation for excellence in the Spanish market. Joining BCMGlobal will accelerate our growth as a third-party servicer, support innovation as we share best practice and provide an opportunity to leverage proprietary servicing systems to improve client and customer service”.
Notes to Editors:
About BCMGlobal (BCM)
BCMGlobal is a European leader in mortgage, real estate and commercial loan servicing. With operations across multiple jurisdictions, BCM is dedicated to providing exceptional service and innovative solutions to its clients in the financial industry.
For more information, please visit BCMGlobal’s website www.bcmglobal.com
