HML is awarded above average rating

Homeloan Management Limited has been awarded an ‘above average’ residential mortgage servicer rating by Standard & Poor’s Ratings Services, with a ‘positive’ outlook for the future.

In its report, S&P’s analysts Marie-Noelle Brisson and Beverley Dunne concluded that ‘HML has the resources in terms of people, systems and premises to enable it to manage its growth targets, without compromising service’.

Paul Fenn, development director of HML, says: “Following an in-depth, objective analysis of all aspects of our business, Standard & Poor’s has given HML a resoundingly positive endorsement.

“This is a great compliment to the whole of our team, and provides further independent evidence that HML’s staff, procedures, and infrastructure are second to none.

“It also demonstrates that we are well placed to handle the ambitious expansion that we are planning over the next three to five years, as more lenders look to outsource key servicing functions, which in turn allows greater flexibility than handling them in-house.”