Springboard is a newly formed joint venture between Irish Life & Permanent and Merrill Lynch.
HML will provide a full post offer administration service for specialist mortgages generated by Springboard via the intermediary market. The specialist mortgage market in the Republic of Ireland caters for a growing number of individuals who are experiencing difficulty in securing lending from traditional banks and building societies.
Paul Fenn, development director HML, commented: “We’re delighted to welcome Springboard as a new Irish client to HML. Our partnership with Springboard reflects our acknowledged expertise in Ireland and our reputation as the leading mortgage servicer on both sides of the Irish Sea.
“This is HML’s second contract of 2007, heralding a great start to the New Year. Added to our existing Irish clients, this firmly cements HML’s position as the service provider of choice for the Irish lenders looking for an outsourced servicing solution.”
Shane O’Sullivan, chief executive at Springboard, said: “Working with HML has enabled us to come to market quickly and efficiently. We are very pleased to be working in partnership with the acknowledged leader in the field and look forward to achieving our ambitious business goals with the support of the HML team.”
