Proptech firm Oxane Partners has expanded into the load servicing market, securing MOR CS3 ranking from DBRS Morningstar as a commercial mortgage servicer.
Oxane, which was founded by former Deutsche Bank real estate and structured finance professionals, aims to help real estate lenders completely control their data.
The company described its move into loan servicing as a “natural evolution”.
Vishal Soni, co-founder of Oxane, said: “Our foray into loan servicing is an exciting step in the evolution of Oxane. We are a technology-driven business that combines a platform successfully proven with multiple lenders and a deep track record in managing complex transactions. The loan servicing industry is still bereft of the digital transformation that’s underway in the real estate industry, much to the dismay of investors who are left in the lurch without timely and accurate data.”
Yousuf Attarwala, who heads up loan servicing at Oxane, added: “Our objective is to elevate loan servicing from a perfunctory role it currently assumes in portfolio management to a more evolved, proactive approach that’s focused on anticipating and addressing problems faced by lenders.”