Oakwood Global Finance has begun managing two new UK residential loan portfolios in the past four weeks.

These two new portfolios take Oakwood’s number of servicing contract wins since 2010 to 13 with aggregate assets under management of £2.3 billion in the UK.

They also bring the group’s total assets under management to around £3.34 billion when its Spanish and Irish operations are included.

The first portfolio is a small scale acquisition of performing loans by an international investment bank, which represents the entity’s first such transaction in the UK. It is a portfolio of non-standard residential mortgages and is being migrated from a servicing platform that is new to Oakwood.

The second is a larger portfolio of residential non-performing loans and is the second transaction to be completed by a relatively new existing client in the last six months. Oakwood will be providing Primary and Special Servicing on the portfolio, which is being migrated from two separate platforms, one of which is also new to the Oakwood team.

Oakwood partner Richard Klemmer said: “Investment banks and other institutional investors trust Oakwood to manage their assets, be they performing or distressed. We have a track record of handling everything from the technical challenges of platform migrations through to the individual case management of borrowers, and delivering planned client and customer outcomes on a regular basis.

“This shows how important the combination of experienced, can-do people – supported by state of the art servicing systems – is to lenders and investors.”