STATER establishes new business unit to push forward European expansion STATER positions itself as Centre of Excellence New Business Unit XXL reinforces STATERs customer focus

STATER, one of Europes leading independent providers in the private mortgage sector, today announces the creation of a new business unit -- BU XXL - to focus on major clients. The new unit -- operational immediately - will enable STATER to continue to maintain the levels of service to existing customers as well as extend services to new clients. This way STATER can focus even more on optimizing efficiencies without affecting existing customers. Moreover STATER can once again show itself as a Centre of Excellence within their field.

Amersfoort - The Netherlands,(PRWEB) 19 November 2003 -- STATER, one of Europes leading independent providers in the private mortgage sector, today announces the creation of a new business unit -- BU XXL - to focus on major clients. The new unit -- operational immediately - will enable STATER to continue to maintain the levels of service to existing customers as well as extend services to new clients. This way STATER can focus even more on optimizing efficiencies without affecting existing customers. Moreover STATER can once again show itself as a Centre of Excellence within their field.

Ryszard Kruszel, formerly managing director of STATER Nederland, has been appointed to head the new division. These are exciting times for STATER as we deepen our relationships in the Dutch marketplace and grow our service offering throughout Europe. Our Belgian team have already won two new clients who recognised our commitment to quality, value for money and customer service and I look forward to taking this message to other potential clients."

Replacing Ryszard Kruszel as managing director of STATER Nederland is Henri Hofsteenge who has substantial experience of the finance industry including roles in strategy and customer service.

I will be focussing specifically on the combination of operational excellence and managing our relationship with our customers. The two most important aspects of our strategy" said Hofsteenge.

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Notes to Editors
For more Information, please contact:
STATER, Communications Department
Ingrid Archer-van den Berg
Telephone    +31 (0)33 45 09 611
E-mail       info@stater.nl or i.archer@stater.com
Website    www.stater.com

About STATER N.V.
STATER is the leading provider of independent, third party residential mortgage servicing in Continental Europe. STATER, known as "The EuroServicer" for its Pan-European expansion strategy, is focused on streamlining the origination, servicing and securitization of mortgage loans in a completely automated and paperless format.

With headquarters in Amersfoort, The Netherlands, STATER currently dominates the Dutch market with a servicing share of 30%. STATER has also set up operations in Bonn to provide servicing for the German market and in Brussels for the Belgian market.

STATER is a rapidly growing international company supporting mortgage providers in selling, processing and financing their mortgage portfolio. In January 1997 STATER began their activities as a provider of mortgages for institutions operating in the Netherlands. Since then STATER has become the most important player in the Dutch market. More recently Germany and Belgium have also become part of their target market. STATER, headquartered in Amersfoort splits its activities into two areas -- support and processing of mortgage and insurance portfolios of major players in the mortgage market and consultancy services to the secondary mortgage market. Among other areas STATER is active in portfolio analysis, due diligence and risk management.
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