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SPML achieves Standard and Poor&#39s &#39above average&#39 servicer rating

Southern Pacific Mortgage Limited is the first lender in Europe to be awarded an above average servicer evaluation rating by Standard & Poor&#39s.

The above average rating is the second highest servicer evaluation rating awarded by Standard and Poor&#39s.

Angela Davies, SPML&#39s operations director, says: “We felt it was important for SPML to obtain a servicer evaluation rating for a number of reasons. Our service to packagers and brokers is already acknowledged to be among the best in the sector. However, we are now completing at least three securitisations a year, so we needed an independently assessed external measure of service excellence to help us achieve top overall ratings for these bonds.

“We are also increasingly providing a third party administration service to other lenders, especially those who have bought tranches of non-conforming loans to generate margin, and who need an experienced non-conforming loan servicer to administer the loans. Here, again, the S&P rating provides an objective measure of our service standards for prospective customers.”

The Standard and Poor&#39s assessment covered a comprehensive range of SPML&#39s business activities, including financial position, collections management, technology, administration, internal controls, staff and training.


Webline passes 5 million quotes since launch

Webline, the UK&#39s first provider of online comparative quotes to ORIGO standard, today announced that it has just passed the 5 million mark for comparative quotations to IFAs, following a record year for growth. Webline ( was established in 1995 by Paul Holland, a fully qualified IFA and the managing director and founder of the […]

igroup scoops Specialist Lender of the Year award

At the inaugural Business Finance Gala Awards Dinner held at the Commonwealth Institute in London last week, non-standard mortgage lender igroup was voted Specialist Lender of the Year. The award was in recognition of “the lender who provided the most innovative products, and goes the extra mile in supporting and working with its introducers.” Jonathan […]

Kensington reports strong profits

Kensington Mortgage Company&#39s profit growth is on track to meet directors&#39 expectations for the year ending November 30, 2002. New business performance continues to be strong and originations for the last five months were substantially above the same period last year following the trend reported for the first half. The offer pipeline has continued to […] announces new events for 2003 (, the technology events dedicated to financial advisers, has just confirmed three regional events for 2003. This follows a very successful launch year for the new adviser-focused events, sponsored by Microsoft and Origo. The events will be held in London, Mezzanine BDC, February 6; Manchester, Windsor Hall G-Mex, March 4, and Midlands, Pavilion NEC, […]


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