Mortgage lender Edeus rebrands as due diligence firm

UK subprime lender Edeus shelves its origination business and starts offering investors an asset quality assessment service enabling investors to quantify risk in mortgage-backed asset pools

Mortgage lender Edeus, which was set up in 2006 by a group of 47 executives from HBOS to originate subprime mortgages, has decided to reinvent itself, instead offering technical expertise to the beleaguered market.

Alan Cleary, managing director of Edeus, says traditional due diligence procedures, which use information available at the point of origination, cover only 15% of the mortgage pool. Edeus's asset quality assessment service, which checks borrowers' credit scores, their ability to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here