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SPML celebrates its 4bn pizza the action

Southern Pacific Mortgage Limited recently celebrated in style with a pizza lunch as it reached the milestone of 4bn of assets under administration.

The figure was made up of just under 57,000 mortgage accounts, with most these assets administered for SPML’s previous securitisations and another 584m being serviced for third parties.

Loan servicing takes place at SPML’s High Wycombe administration centre.

More than 200 staff are now employed at High Wycombe and a local recruitment drive is underway.

Melanie Leask, director mortgage servicing at SPML, says: “SPML has been committed to inhouse loan servicing from day one and considerable investment has been made to facilitate rapid growth.

“Thanks are due to our staff for their dedication and hard work in achieving this milestone.”


Amber becomes ENC lender

Trigold has revealed that Amber Homeloans is the latest lender to feature on its Enhanced Non Conforming platform.Amber products and criteria are now live on the ENC sourcing module on Trigold.ENC is for brokers sourcing sub-prime mortgage products. Amber has built a reputation for innovative products, flexible underwriting and excellent service. It joins other sub-prime […]

Burton joins Mortgage 2000

Mortgage 2000 has appointed Chris Burton to the position of mortgage product manager. He will be responsible for ensuring a constant flow of competitively priced exclusive products designed to both compliment and improve upon the generic ranges offered by the lenders for each of the Mortgage 2000 channels m2-mortgage club, m2-d&p, Casemaster and m2i. Burton […]

Preferred to host TCF roadshows

Preferred is hosting five Treating Customers Fairly roadshows across the country for its key intermediaries. During the free half day events in October and November, expert independent consultants will help senior and middle managers identify key business factors and understand how to prepare for TCF. Intermediaries will be receiving their invitations within the next week. […]

GMAC-RFC completes its 53rd portfolio sale

GMAC-RFC has completed its 53rd portfolio sale, the seventh to Amber Homeloans. This brings its portfolio sales to £8.6bn since 2000. Portfolio sales are an important part of GMAC-RFC’s business strategy. The lender also says European investors are becoming interested in participating in the UK market. Craig Beresford, head of asset sales at GMAC-RFC, says: “This […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


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