HML has put two mortgage portfolios worth £175 million onto its iCONNECT administration system.

The move allows the (undisclosed) mortgage owner to decommission its legacy systems.

The portfolios, including equity release and capped rate mortgages, will be administered by HML.

Andrew Jones, HML’s chief executive officer, said: “It’s great for HML to add another new client who has been impressed by our ability to deliver this migration on time and to the clients’ specification.

“We’re fast building a reputation in the industry as being the migration experts and the only third party administrator able to deliver to tight deadlines.”