HML will process new mortgage applications for this channel up to completion stage at which point NAG will carry out the post completion administration.
NAG has ambitious plans to grow its intermediary distribution channel through its Clydesdale brand and HML proposes to use its newly developed Nelson System, together with integrated internet and credit scoring interfaces to meet these targets.
Steve Haggerty, Managing Director HML comments: “We’re delighted to welcome NAG as a new client to HML. This partnership demonstrates further HML's expertise in new business processing which complements its post completion service offering already firmly established in the UK mortgage market.
2005 was an excellent year for us, with three new contracts already signed, we’re making good progress towards the ambitious growth targets we have set ourselves for the next couple of years. We expect to welcome further blue-chip clients such as NAG in the coming months.”
Dean Cutbill, general manager of Third Party Distribution at NAG comments: “Our offering in the mortgage intermediary market has grown significantly over the last year and our new arrangement with HML will ensure that we continue to offer the highest level of service to our broker partners.
“Importantly, underwriting of mortgages will remain under our control as we view access to decision-makers as a key part of our proposition.”
