The announcement comes 6 months after HML acquired the company, which provides residential mortgage data analysis and performance metrics.
As part of the HML group of companies, HML Business Intelligence will operate under the familiar HML colours, with the benefit of HML’s scale, technology and marketing capabilities. HML Business Intelligence will continue to serve its existing customers with monthly metrics and performance analysis from its data pool of residential mortgages. It will also form a crucial part of HML’s analytics offering to complement the Special Servicing activity.
Brian Brodie, Chief Executive Officer of HML, added: “We are delighted to be enhancing our service offering by bringing this capability under the HML brand. We are now able to offer our clients best-in-class analytics, which among other things will enhance HML’s special servicing capabilities. We can now help our clients maximise the performance of loans by offering services from predicting propensity to default, right through to best handling of possessed properties.”
HML Business Intelligence’s residential mortgage data pool currently comprises approximately 320,000 live accounts with 60 consecutive months of performance metrics. Such breadth and depth of data is highly sought after in the mortgage analytics industry, particularly in the current climate. Benchmarking a portfolio against this pool of data can, amongst other things, help analyse the risks or potential risks in a portfolio.
HML Business Intelligence applies predictive modelling techniques to the data pool to generate key MI reports on performing loans, early arrears cases, customer affordability and repossession loss curve forecasts. These reports form the basis of the tailored and TCF compliant approaches to credit management employed by HML’s Special Servicing team. It involves identifying problems before they happen and choosing the right methods for the right customer to manage the account in a way that results in the best outcome for lender and customer, within a strict regulatory framework.
HML Business Intelligence now aims to add HML’s clients to the pool, to enhance it further. Damian Riley, Director of HML Business Intelligence, said: “The size of our data pool already sets us apart from other analytics providers in the market but under the HML brand we can become the primary source of mortgage performance data for mortgage lenders, asset managers and investment banks and advisers in the UK”.
As part of its offering, HML Business Intelligence has launched a regular Mortgage Investor report. This will enable subscribers to benchmark their own portfolio of loans against a representative sample of industry data thereby gaining critical insights into the variation in default emergence and attrition performance of their mortgage assets.
