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Abn Amro Mortgage

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Infosys buys 75% stake in ABN AMRO's mortgage services arm

Bengaluru (Karnataka) [India], Mar 28 (ANI): IT major Infosys said on Thursday that it will acquire 75 per cent of the shareholding in Stater NV, a wholly-owned subsidiary of ABN AMRO Bank, that offers end-to-end mortgage administration services in the Netherlands, Belgium and Germany.

"This transaction strengthens our approach to offer clients digital platforms and industry focused solutions," said Infosys Presiden Mohit Joshi. "It brings together our complementary capabilities to enhance the value we offer to our financial services clients and enhance our presence in Europe."Stater is a market leader in the Benelux region, operating across the mortgage and consumer lending value chain with capabilities in digital origination, servicing and collection. It services 1.7 million mortgage and insurance loans for about 50 clients in The Netherlands and Belgium.

Stater also brings deep European mortgage expertise and a robust digital platform to drive customer experience. Infosys will drive the digital transformation roadmap of Stater with accelerators such as dynamic workflow, API layers, RPA and analytics.

What percentage of Mortgages does CitiMortgage sell?

My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro's mortgage business.

I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage.

CitiMortgage, like Country Wide disclose 0% - 25% turnover. Here's the kicker. If they sell your loan you will probably not even know as both Citi and CWBC are two of the biggest "Servicers" in the country. 99.