Proceed Portfolio Services | Development and history - Outsourcing Non Performing Loans NPL

Development and history

1997
Launch of company as a servicer for unsecured loans und leasing claims

1998
Start of servicing of the first mortgage loan portfolio

2001
First non-performing loan (NPL-portfolio) valuation in cooperation with an institutional investor

2002
Purchase of the first mortgage loan portfolio on own book
Proceed Portfolio Services GmbH obtains the first outsourcing mandate for the servicing of non-performing mortgage loans

since 2006
Exclusive operation as servicer for the management of mortgage loans

Up to now
Take down of several further outsourcing and servicing mandates, respectively own investments