HML migrates BoI mortgages for sale purposes

HML has completed the migration of £1.2 billion worth of mortgages from Bank of Ireland, facilitating a sale of the assets.

Bank of Ireland announced the sale of around 15,000 prime mortgages accounts secured on properties in England, Scotland and Wales in October.

The financial services outsourcing firm migrated the mortgages to its mortgage administration platform during the first weekend of December, with the whole project from inception to completion taking four months.

Andrew Jones, HML’s CEO, said: “The project was completed on time and I’m delighted that HML was able to meet Bank of Ireland’s requirements.