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.”