Fitch Ratings, the international Rating agency, upgraded QQuant Master Servicer Single Member S.A's ("Quant") ("QQuant") asset-backed special servicer rating to 'ABSS2+' ...
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Underwriting & Portfolio analysis
- We offer advisory services to strategic global investors relating to NPL & Real Estate transactions/securitisations within the primary and secondary market
- We perform valuation and acquisition pricing of any NPL portfolio, e.g. retail and asset-backed NPL portfolios
What makes us stand out
- We have completed the underwriting of c. €100 bn of NPLs for various investors, funds and alternative assets managers
- We provide extensive database benchmarking, proprietary models, and advanced analytics
- We structure complex NPL portfolio projects
- We are built on advanced proprietary data intelligence technology
- Our team has advanced analytical and modelling skillset combining technical and business expertise
- We offer a wide range of services, including portfolio analysis, modelling, portfolio due diligence, valuations, deals PMO services, deals structuring, transaction support
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Portfolio Servicing
We service any portfolio, from NPL granular/non-granular portfolios to thematic and single trades. We achieve maximum recoveries at a minimum time through a combination of state-of-the-art technology, data insights and extensive experience.
What makes us stand out
- We are servicing c. €10 bn across all asset classes, including securitised portfolios and single trades
- We are successfully delivering substantial value to our diversified client base of world-class investors and financial institutions
- We are built on extensive experience with seasoned restructuring and workout officers
- We have established a distinguished network of legal partners
- We are proven and trusted partners across the value chain (RE valuations, consultants, specialised legal firms)
- We offer a wide range of services, including portfolio strategy and treatment policies, work out solutions, restructuring, (in court) consensual solutions, collateral management & REO Management
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Onboarding/Migration & Portfolio Operations
We have a proven track of fast portfolio onboardings, credit, legal, loan operations and loan administration.
What makes us stand out
- We have successfully onboarded 10+ portfolios within strict timelines
- We have a unique track record in migrations in the domestic market, onboarding €30bn assets from numerous Greek banks, ensuring smooth, fast and seamless migration in the most secure and agile way
- We have a proven track record in efficient loan administration of live portfolios
- We provide various services, including migrating and onboarding electronic and physical data files, data enrichment, front office support, coordination and monitoring of stakeholders and third-party advisors, and legal, credit and loan operations portfolio support
Onboarding & portfolio operations
- Valuation Services
- Panel Management
Portfolio Servicing (Pre-auction & REO)
- Technical Real Estate Services
- Asset Management
- Pre-REO Advisory
Portfolio Servicing (REO)
RE Collateral Due Diligence & On-boarding
Underwriting & portfolio analysis
Transaction Advisory Services
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Mirror
The National Bank of Greece sold the portfolio in 2019 and has been serviced by Quant since then. It includes a total claim of circa €2.9 bn from around 100Κ borrowers, consisting of 50% Consumer Loans, 13% Credit Cards and 37% Small Business Loans. About half of the borrowers are protected under Law 3869.
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Leo
This shipping portfolio includes claims of a total value of €0.1 bn.
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Kairos
The portfolio consists mainly of secured exposures (corporate & SME) and a small part of unsecured retail exposures. The portfolio includes 6.6K accounts, 5.2K debtors and a total balance of €950M approximately. With the RE collaterals being in Athens and Thessaloniki, the main exposure of loans are Corporate Call (Revolving), Corporate Term and Corporate Bond. ABS Metexelixis is an SPV based in Luxemburg, securitised by Attica Bank in December 2018 and currently serviced by Quant on behalf of the bank.
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Astir I
The portfolio has been serviced by Quant since March 2020. On September 30, 2023, Attica Bank sold it to Carval, and Quant maintained the servicing. The portfolio has a total balance of €368 million, 80% of which refers to secured exposures and 0.4K borrowers.
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Astir II
The portfolio comprises 8.8K loans of 7.3K borrowers and a total balance of €488M. It mainly includes mortgage loans and a smaller proportion of secured retail loans, with an allocation of 58% non-denounced and 42% denounced loans. A relatively large part of the book (circa €150M of total balance) is under the law 3869 perimeter.
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Pillar
The portfolio comprises securitised non-performing residential mortgage loans of a total claim of circa €2.7 bn serviced by Quant since 15 May 2023.
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Kastor
Since May 2021, Quant has had a 10-year servicing agreement with Pancretan Cooperative Bank SA (PCB) for the servicing of its NPE book. The portfolio consists of non-performing corporate, SME and mortgage loans of circa €1.4 bn total claim, secured mainly by RE collaterals, all types of assets (mainly land, residential & commercial) of c. €1.3 bn.
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Amoeba
The portfolio consists of secured corporate exposures mainly on a deep legal status, managing 68 borrowers and a total balance of around €920M. With the RE collaterals being located all over Greece, the main exposure of loans includes Corporate Call (Revolving), Corporate Term and Corporate Bond. Amoeba's portfolio was acquired by Bain Capital Credit in 2018, and Quant entered into a sub-servicing agreement for approximately half of its AuMs in 2019.
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Single Trades
Quant services single trades exposures of c. €0.3 bn value, providing customised solutions to investors.