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HML launches arrears servicing for lenders

HML has launched its Special Servicing credit management proposition.

The service will be provided by a recently created division of the company headed up by Paul Fenn, managing director of Special Servicing.

HML’s special servicing offers an end-to-end credit management capability which provides an approach designed to maximize customer dialogue, cash collections, arrears management and loss mitigation while working with and supporting  lenders’ Treating Customer Fairly obligations.

Paul Fenn, managing director of special servicing, says: “In the current environment the need for lenders to manage their mortgage book effectively and efficiently – whether they are prime or non-conforming loans – is paramount without losing sight of their TCF responsibilities. 

“This proposition was a logical development for us as it builds on our core competencies and enables us to provide a service that there is an undoubted demand for.

“I’m confident lenders will find this addition to HML’s offering extremely valuable at a time when credit management has moved to the top of their agenda.”  


Paintings by numbers

Every cloud has a silver lining as they say and we bet art lovers at the Financial Services Authority will be salivating at the prospect of adding to the organisation’s £250,000 collection (according to a 2006 valuation) when bankrupt Lehman Brothers sells $8m worth of art that once adorned its offices.

Retire, retirement, calculator

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]


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