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Jessica Darnbrough
With the GE loan book now officially integrated into Pepper, the non-bank lender says it has a thirst for more business.
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Speaking to The Adviser, Pepper’s chief operating officer David Holmes said the acquisition of GE’s $5 billion residential portfolio was finalised on January 16 when Pepper took over the servicing responsibilities.
“We have opened up our Parramatta servicing centre now and officially integrated the new book into our business,” he said.
“The whole process went incredibly smoothly. So much so, that we are already looking at the next business opportunity.”
Mr Holmes said in 2012 Pepper would focus on expanding its third party distribution and growing the business.
“With the Parramatta office now up and running we have the size and scale needed to take on more business,” he said.
“Servicing is something Pepper has done in the past and we are looking for more opportunities to do that in the future. We may look to grow our third party network or perhaps buy some new books."
