Case Studies
Standby Servicing
Providing standby servicing and cash bond administration
A number of HML's clients have a need for standby servicing arrangements on securitised books of mortgage assets.
Our approach to setting up standby arrangements is tried and tested and can usually be comfortably completed within three months. Initially we produce a draft service specification, and then conduct a detailed gap analysis and invocation planning process. Tested data is mapped across to our system (where appropriate) and functionality is also tested.
HML provides standby servicing and/or cash bond administration covering approximately 80 transactions, spanning six separate mortgage administration platforms. As the leading provider of standby services in the UK we have excellent relationships in the residential and commercial securitisation arenas including ratings agencies, trustees, legal partners, issuers and lead managers.
Although a standby servicing contract has never been invoked in the UK, we have a specialist team in place to deal with this aspect of our work. This provides our clients with the confidence they need to ensure that continuity of service is never compromised.
