Crown Mortgage Management rebranded following Capita acquisition

Crown Mortgage Management has been rebranded as Capita Mortgage Services.

The change comes after financial outsourcing service provider Capita Asset Services acquired third-party servicer Crown in June.

Capita Mortgage Services managing director Andrew Doyle says: “As Capita Mortgage Services we retain all of the considerable knowledge we have built up over the years, while also drawing on resources offered by the Capita group.

“We are also able to draw upon the skill-set of the larger group, creating efficiencies and new opportunities for development.”

Capita Asset Service debt and banking chief executive Robbie Hughes says: “Domestic mortgage administration is a relatively new market for Capita, which currently manages £129bn of commercial loans.

“But I believe that the combined expertise of Capita and Crown will provide a compelling proposition both for traditional mortgage providers and new entrants to the market, particularly as we invest in infrastructure to support both existing and new mortgage administration.”

Capita’s acquisiton of Ipswich-based Crown Mortgage Management was first announced in May and completed in June, following FCA approval.