Administrators from KPMG have been appointed to Edeus Mortgage Creators Limited and Edeus Creators Limited by the company’s directors.
The business which has its headquarters in Wolverhampton employs 26 people, providing mortgage intermediary services.
Allan Graham, joint administrator from KPMG confirmed that the business will continue to trade while they seek a going concern sale.
He said: “Edeus has successfully transformed its business model to focus on credit assessment and collections work and has won contracts with several major companies.
"However, the conditions in the housing and financial markets have led to the directors appointing administrators.’’ All customers who are on the Edeus mortgage book will be unaffected."