Homeloan Management has signed a three-year contract with Infinity Mortgages to provide post completion administration and collections servicing for newly completed sub-prime mortgages.
HML recently received a Moodys SQ2 Primary Rating reflecting their strengths in terms of management, financial stability, staff, strategy as well as IT systems.
Earlier this year, Fitch also reaffirmed its residential mortgage primary servicer rating of RPS2+UK, Prime, and RPS2+UK, SubPrime.
Paul Fenn, head of business development at HML says: HML is delighted to welcome Infinity as a client. Their innovative and exciting outlook is considered a perfect match for HMLs operating model and we anticipate a highly successful and long lasting relationship with the Infinity team and its customers.”
Matt Gilmour, chief executive of Infinity Mortgages adds: Outsourcing is a key part of Infinitys business model giving us both the degree of flexibility and control that we desire. HMLs experience was a key factor in our eventual decision. Plus we know our customers will experience the very best service.