HML provides administration services to facilitate BoI's mortgage deal
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HML has completed the migration of £1.2bn worth of mortgages from Bank of Ireland, facilitating a sale of the assets.
Bank of Ireland announced the sale of around 15,000 prime mortgages accounts secured on properties in England, Scotland and Wales in October.
HML migrated the mortgages to its mortgage administration platform during the first weekend of December, with the whole project from inception to completion taking four months.
Andrew Jones, HML’s chief executive officer, says “The project was completed on time and I’m delighted that HML was able to meet Bank of Ireland’s requirements.
“Our ability to board these assets quickly and comfortably absorb the additional workload created by a portfolio of this size made HML the obvious candidate to support this deal.”
HML has over 50 clients and around £43bn of assets under management.
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