Berkadia to add 100 more mortgage professionals to its headcount in India
Berkadia Services India Pvt Ltd (BISPL) is a fully owned subsidiary of the US-based commercial mortgage services provider Berkadia. The Indian subsidiary is planning to ramp up its headcount in India by about 100. Ned Mody the Country Head of Berkadia India told the media that the company now has about 700 employees and by 2015, the headcount will be around 800.
Since the comeback of commercial real estate is good in the US, they anticipate more business and hence the need to increase the headcount. The company, which is the only back-office unit outside the US, handles about 70 % of the global servicing functions of its parent.
Mody also mentioned that during the last 18 months the company’s headcount went up by 37 % and the revenues by 40 %. Going forward the company’s focus will be on the third party services in the commercial real estate segment.
At present, BISPL has no Indian product and caters entirely to the US market. They support a $245 billion commercial real estate loan portfolio in the US. Such is the power of outsourcing that the employees sitting in the India office calculate the nitty gritties of the mortgage of the US properties.
Berkadia was recently recognised by CMO Asia for its outstanding real estate services operations at its India unit. In addition, it also received other accolades including the financial services outsourcing project of the year and the outsourcing executive and professional of the year.
Source- The Hindu Business Line
100 more mortgage professionals, Berkadia Services India Pvt Ltd, BISPL, US-based commercial mortgage services
