S&P also affirmed the above average rankings for HML as a primary and special servicer of UK residential mortgages, and as a primary servicer of residential mortgages in Ireland.
HML - the third-party mortgage administration company - also had its stable outlook affirmed for the special servicing of UK mortgages and the primary servicing of Irish residential mortgages.
Andrew Jones, chief executive officer of HML, said:
“We are delighted with the news that S&P has revised our outlook from stable to positive for the primary servicing of UK residential mortgages.
“S&P highlighted our robust risk management and audit procedures, as well as our good range and level of training and development, as particular strengths. At HML, we are proud of our quality culture and environment, especially in the tough regulatory regime within which we operate today.
“In the past 18 months we have secured 17 new contracts across all of our offerings, including mortgage servicing, analytics, standby servicing and unsecured lending. This reflects how our procedures and systems are robust and highly regarded within the market, where stability, quality and experience are the key differentiators."
