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TARGET GROUP ANNOUNCES SMOOTH MMR TRANSITION

Following Saturday’s MMR deadline, Target Group, the financial services outsourcing and software provider, announced that it had a smooth transition to the new MMR regulations, having been ‘MMR ready’ ahead of the deadline. Target Group is beginning the process of providing advice on regulated mortgage contracts, having been given permission from the Financial Conduct Authority (FCA) to develop this offering.

Target Group has invested significant time and resource to train and prepare for the changes and with its enhanced staff, systems and processes the firm is well-placed to manage its clients’ requirements and support the overall aim of the MMR, a better mortgage market for lenders and borrowers alike.

David Tweedy, Market Relations Director, at Target Group comments:

“Ensuring we are MMR ready is all part of our commitment to providing the best possible end to end service to our clients. We place regulatory compliance at the core of our business. We’ve been able to offer a fully ‘MMR ready’ service ahead of deadline, which has allowed us to move our focus quickly onto preparing for the 2015 European Mortgage Directive.”

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