SMS Mortgages to administrate £140 million GMAC acquisition

Commenting on the acquisition, John Auburn, Managing Director at SMS Mortgage Services, said: “Naturally, we are delighted to have been able to support DHL in the acquisition of this book. SMS’ experience in managing such time critical projects ensured that an effective transfer was completed on time and to our clients specific requirements. This transaction further cements our partnership with DHL, a relationship which reflects the long term quality service provided by SMS Mortgage Services and our abilities to support their future development plans.”

Martin Latham, a Director of Derbyshire Home Loans added, “The acquisition has been completed in record time thanks to the support of SMS Mortgage Services, with whom we are also delighted to be extending our working relationship.’’