S&P awards HML rating upgrade
S&P’s announcement comes after a special servicing upgrade to RSS2- from Fitch.
Both coincide with the value of mortgages in HML’s special servicing department almost doubling to £4.98bn over the past year.
Brian Brodie, chief executive officer at HML, said: “The fact there is not a servicer ranked higher by S&P in the UK is testimony to the hard work, innovation and professionalism of the team.
“Improvements to the analytical capabilities of the special servicing team are scheduled and they will further strengthen HML’s position as a market leader.
“I was also pleased to see that S&P noted our investment in developing and enhancing our IT capabilities, which remains a core element of our service to clients.
“Additionally, as the market continues its recovery, our ability to effectively board mortgage accounts will give confidence to existing and potential clients.”