The Property in Possession Portal is part of xit2’s asset management services platform which it launched in April, after MD Mark Blackwell overhauled the company’s structure, refocusing xit2 around asset management, valuation management, and conveyancing management services.
Asset 1st, which offers asset management, survey and valuation services to owners of mortgage assets, will use the portal to help lenders administer the repossessions process from the point at which a property comes into their possession, to disposal.
Mark Blackwell, managing director at xit2, said: “It’s great to be going live with Asset 1st so soon after unveiling our new business structure. I like to think xit2 is a technological innovator in the market and in Asset 1st we have found a business that shares the same values and aspirations as we do. I hope this announcement illustrates how we are broadening our proposition providing a full suite of asset management solutions.”
Graham McIntosh, co-founder and chief executive of Asset 1st, said: “The goal for any new start up business is to differentiate itself in order to stand out from the competition. Our use of xit2‘s systems will encourage more and more lenders to partner with Asset 1st. We entered this sector to drive positive change and this is a tangible example that we’re doing just that.”
