Rooftop Mortgages is setting up a new business division to service completed loans, with the unit being headed up by Jonathan Naylor, the managing director of Rooftop’s lending business.
Naylor, an executive director of the company, is moving across to the specialist unit and is looking to take on around ten employees to help with the growth of the division.
The specialist servicing division will be appointed as servicer for all of Rooftop’s future transactions.
In the case of Rooftop’s most recent securitisation, Mansart 2006-01, the company has been named servicer and is utilising the new unit to handle arrears collections, loss mitigation, litigation and property sales.
Naylor says: “This is an exciting time in Rooftop’s history, and I am looking forward to spearheading the creation and development of the special servicing unit.
“Servicing capability is an important part of our overall strategy for the success of Rooftop and I am pleased to be working more closely with our sub-servicing partners.”
Sub-servicer Crown Mortgage Management is undertaking primary servicing including non-arrears collections, deeds management, accounting and customer care.
Naylor’s previous role of managing director has become effectively redundant, as managers at Rooftop will instead concentrate on individual units in the business.