Homeloan Management Limited has signed of a five-year servicing contract with Nua Homeloans in the Republic of Ireland.
HML will service Nua’s range of products originated through its intermediary channels and will handle all post completion administration.
Nua, a joint venture between Finance Ireland and Investec, will offer loans to customers in the specialist mortgage market, which is a growing sector in the Republic of Ireland.
Paul Fenn, development director at HML, says: “We are pleased to welcome Nua as a client, which further cements our existing relationship with Finance Ireland and Investec.
“This capture really does demonstrate our growing reputation as the servicer of choice in the Irish Republic.
“This is HML’s fourth new contract of 2007 and, as we reach the mid point of the year, the signs are that this is going to be yet another successful year for us.”
Declan Fitzpatrick, managing director at Nua Homeloans, says: “Delivering high standards of customer care is of paramount importance to Nua.
“We operate through our broker channel and all our application processing to funds release is handled in-house.
“We have chosen HML as our service provider for the post-completion stage of the business and we look forward to working with them to ensure that all customers receive a seamless quality post-completions service.
“HML provides us with the platform to realise our growth plans for this market.
“Their reputation within the servicing market is second to none and we look forward to a successful relationship with them.”