The best independent Dutch residential mortgage manager

Dutch Mortgage Funding Company (DMFCO) is an independent asset manager in the Netherlands that offers institutional investors access to the Dutch residential mortgages market. Dutch mortgages provide a safe and stable investment: the market is strictly regulated and the number of defaults is the lowest in Europe. DMFCO provides new investment portfolios for which it delivers distribution and underwriting of mortgages as well as valuation of and reporting on the investment.

DMFCO offers expert advice and support on all aspects of Dutch residential mortgages and guarantees substantial efficiency improvements for investors who are looking to outsource the management of existing mortgage portfolios.

DMFCO is licensed by the Financial Markets Authority (Autoriteit Financiële Markten: AFM) to offer and broker mortgage loans (Article 2:60 Wft and Article 2:80). DMFCO complies with the Code of Conduct for Mortgage Lending (Gedragscode Hypothecaire Financieringen) and is a member of the Credit Registration Bureau (Bureau Krediet Registratie: BKR), National Mortgage Guarantee (Nationale Hypotheek Garantie: NHG) and the Financial Services Complaints Institute (Klachteninstituut Financiële Dienstverlening: Kifid).

As an asset manager DMFCO has an Alternative Investment Fund Managers Directive (AIFM) license.

Investing in Dutch mortgages

Dutch residential mortgages are an attractive asset class. They offer high returns and minimal credit risks. Direct investment in residential mortgages is part of a global disintermediation trend.Dutch residential mortgages represent an attractive asset class characterized by a high return and minimal credit risk. Direct investment in residential mortgages is part of the global disintermediation trend.

Disintermediation

The role of banks and (institutional) investors is changing. Throughout the world, banks are retracting from the capital supply chain. This trend is called disintermediation. In the United States about 80% of capital flows directly from investors to those who need capital, only 20% touches the banks’ balance sheets. In Europe the percentages are still reversed, but investors can take advantage of changing tides through DMFCO’s proposition. Assets managed by DMFCO will exclusively result in direct investments in Dutch residential mortgages. Investors know exactly how their investments are employed. What you see is what you get.

Sustainable high margins

The Dutch residential mortgage market experiences a structural funding gap: the difference between net outstanding mortgage loans and net savings is over 350 billion euro. Banks are filling in this gap. However, capital market financing has become more difficult for Dutch banks since 2008. Large banks now openly aim for moderate levels of mortgage origination and new mortgage applications are being discouraged. Because of the funding gap and the changing role of banks, investing in mortgages will increasingly be a matter for (institutional) investors. The structural funding gap will provide a solid basis for a long term competitive return to investors.

Low risk

Losses on Dutch mortgages are currently at a historically low level. This is due to the excellent payment morale, caused by a high level of social security in the Netherlands, and a legal system that is favourable to the lender. In addition, regulations for residential mortgage financing have been tightened. Since 2008, maximum debt to income ratio for households have been reduced significantly, underwriting criteria and product specifications have become stricter and redemption has been made mandatory for households who want to profit from tax deductions. Consumers also have the option to request an implicit government guarantee on their mortgage repayment, which gives lenders even more security. All these factors make up for a low (credit) risk for Dutch residential mortgages.

Investing in Dutch mortgages for Dutch pension funds

Dutch Mortgage Fund

The Dutch Mortgage Fund (Nederlands Hypotheken Fonds: NHF) is an investment fund which is established exclusively for Dutch pension funds. DMFCO is the asset manager and is the point of contact for all aspects concerning the investment. The NHF is investing in new mortgages originated via its label MUNT Hypotheken, and realized through a network of more than 1,700 professional intermediaries, including the offices of De Hypotheker, Hypotheekshop, Huis & Hypotheek, Hypotheek Visie, Vereniging Eigen Huis, DAK, FlexFront and Van Bruggen Adviesgroep.

MUNT Hypotheken

MUNT Hypotheken exclusively originates mortgages for the fund and the funds’ investors. We believe in the added value of advice, therefore we distribute our mortgages through independent brokers. This ensures that consumers get an optimized mortgage product at a fair price. MUNT Hypotheken offers consumers a transparent mortgage product, specifically because we offer no cross-sell options such as insurances or banking products. DMFCO and its investing pension funds have established a strong partnership with aligned long-term interests and are committed to serve customers, now and in the future.

We strive to be the best mortgage provider in the Netherlands. We aim to reach this goal by creating a perfect balance between return for institutional investors and fair and transparent mortgages for consumers.

For more information, please visit our website www.munthypotheken.nl



✔ Best Product

DMFCO offers investors a variety of options combined with optima control on their investment.

✔ Best Distribution

Based on a sophisticated distribution strategy and in-depth knowledge of the intermediary channel, DMFCO is able to provide quality mortgages quickly.

✔ Best Execution

The overall process is directed by DMFCO. Providers are selected by their track record and efficiency.

✔ Exclusivity for pension funds

The NHF is established in accordance with the specific policy and regulatory requirements for pension funds.

About DMFCO

DMFCO is the independent investment manager in Dutch residential mortgages. We have no links to any bank, insurance company, servicer or distribution party. We provide institutional investors with the opportunity to directly invest in Dutch residential mortgages. We provide value to institutional investors through our extensive experience and knowledge and we can advise on all aspects of the Dutch residential mortgage market, origination of new mortgages, and mortgage management processes.

We manage mortgages. That’s our core business, in which we excel!

DMFCO was founded in 2013 and is based in The Hague (The Netherlands). DMFCO’s business model is characterized by co-operation with the most efficient market parties with a proven track record. All primary functions, such as portfolio and risk management, product development, distribution and marketing are in the expert hands of the experienced DMFCO team. DMFCO is a party with broad experience in the mortgage market. We pride ourselves in establishing a pleasant working relationship with our investors based on transparency and mutual trust. We provide all the services and information to our investors to make sound investment decisions, including a wide variety of reports and we answer to any question. We are highly accessible to our investors and are always happy to provide assistance on any issue regarding mortgages portfolios.

DMFCO aims to be the best Dutch residential mortgage lender. We achieve this by focusing exclusively on activities related to Dutch residential mortgages.

DMFCO is licensed by the Financial Markets Authority (Autoriteit Financiële Markten: AFM) to offer and broker mortgage loans (Article 2:60 Wft and Article 2:80). DMFCO complies with the Code of Conduct for Mortgage Lending (Gedragscode Hypothecaire Financieringen) and is a member of the Credit Registration Bureau (Bureau Krediet Registratie: BKR), National Mortgage Guarantee (Nationale Hypotheek Garantie: NHG) and the Financial Services Complaints Institute (Klachteninstituut Financiële Dienstverlening: Kifid).

As an asset manager DMFCO has an Alternative Investment Fund Managers Directive (AIFM) license.

About us

Jeroen van Hessen

Managing Partner


+31 (0)70 209 2801

Jeroen Looman

Commerce, Partner


+31 (0)70 209 2800

Jan Jaap Hangelbroek

Operational Risk and Compliance Management


+31 (0)70 209 2809

Martin Bresser

Risk Director


+31 (0)70 209 2803

Menno Luiten

Manager Marketing & Distribution


+31 (0)70 209 2808

Marieke Hut

Director Business Development


+31 (0)70 209 2802

Stephanie Seeberger

Office Manager


+31 (0)70 209 2801

Laura Vrolijk

Office Manager


+31 (0)70 209 2810

Sander de Lange

Manager Operations


+31 (0)70 209 2807

Jet Wesseling

Relation Manager


+31 (0)70 209 2805

Mourad Jelti

Manager Finance and Control


+31 (0)70 209 2812

Edo van de Burgwal

Junior Risk Manager


+31 (0)70 209 2804

Christa van Dijke

Service Manager


+31 (0)70 209 2814

Miriam Schinkel

Manager Servicing and Underwriting


+31 (0)70 209 2806

Martine van der Horst

Service Manager


+31 (0)70 209 2816

Yvette Zuidervaart

Senior Underwriter


+31 (0)70 209 2815

Eva Bürer

Analist Business Development


+31 (0)70 406 67 13

Peter Verhart

Analist Finance & Control


+31 (0)70 209 28 11

Route

Visiting address

Bezuidenhoutseweg 16B
2594 AV Den Haag
The Netherlands
: +31 (0) 70 406 67 13

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