HML has opened an office in central Dublin.

The financial outsourcer said the move was made to boost its presence in the Republic and develop relationships with prospective clients.

This follows HML’s residential mortgage servicer rating from Standard & Poor’s (S&P) in January, the first of its kind to be awarded in Ireland.

The outsourcer, which has provided new lending and administration support for lenders in Ireland since 2004, currently services Irish mortgages from its Derry office, which employs over 300 people.

Ian Cornelius, HML’s commercial director, said: “HML has unrivalled experience of administering mortgages and using predictive behavioral analytics to inform mortgage arrears strategies