Administration of a portfolio of equity loan mortgages on behalf of lenders
What the buyer wrote
The Homes and CommunitiesAgency (HCA) is seeking an administrator, a ‘Mortgage Administrator’ or ‘MA’, of loans entered into byborrowers (members of the public) participating in nominated Government home ownership schemes including:First Time Buyers Initiative, FirstBuy, HomeBuy Direct and Help to Buy equity loans. All loans are equitymortgages and always ranked second behind main lender mortgages and secured on the borrowers' home. Administration of equity loan mortgages includes: issuing clear and compliant (with all legislation) annualstatements to borrowers, collecting interest from borrowers and ensuring that correct sums are recovered fromborrowers on loan redemption and minimising ar…
Details
- What the buyer calls it
- Administration of a portfolio of equity loan mortgages on behalf of lenders
- How they are buying
- Advertised, shortlist firstSuppliers applied to be considered, and the buyer picked who went on to bid.
- Type
- services
- Suitable for small firms
- The buyer says yes. What that is worth
- Work starts
- 14 Mar 2016
- Work ends
- 13 Jun 2021
Who the buyer named
The buyer published a contact address on this notice.