HML hits a landmark 25 years

Craven Herald: The HML site at Skipton The HML site at Skipton

Skipton-based HML, the UK and Ireland’s leading third-party mortgage administrator, is celebrating 25 years in the industry.

The company opened its doors in 1988 after it was decided to use spare capacity on parent Skipton Building Society’s systems to administer other lenders’ portfolios.

Significant growth and expansion followed in 1990 and within two years HML had grown from four people to a full building.

Other significant milestones include opening offices in Glasgow and Derry in 1998 and 2004 respectively, as well as the launch of an operational base in Dublin in 2013.

HML’s longevity and experience have contributed to its leading ratings. Its UK residential primary rating by Fitch is the highest in Europe and its prime rating is the equal highest rating of any servicer in the world.

Andrew Jones, chief executive officer, said: “I am delighted that 2013 marks the 25th anniversary of HML. Over the years, we have grown into the UK and Ireland’s leading third-party mortgage administrator. In 2002, we became the first UK residential mortgage servicer to be rated by Fitch, and our experience within the industry is frequently noted in ratings reports.

“In 2007, our assets under management hit £50 billion, which is testament to our expertise, quality and stability, which are key differentiators when selecting a servicer. In 2013 alone, we have signed 17 new deals across our service and products offering, which stands us in good stead for further progress and development.

“I’d like to thank all HML staff for their hard work over the years and look forward to seeing how we grow and develop in the future.”

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