Mortgage News
FCA grants mortgage servicing firm full permissions
Sutherland Mortgage Services UK, headed up by ex-Capita’s Sarah Green and former Manchester Building Society’s Colin Ford, has received full authorisation from the City regulator.
The international firm now has the permissions needed to provide mortgage servicing to UK firms and will focus on supporting new lenders and challenger banks.
Mortgage Solutions revealed earlier this year that Capita’s former business development manager Sarah Green (pictured) was preparing the firm’s proposition for the UK market alongside head of compliance Colin Ford who has previously worked for Manchester Building Society and Deutsche Bank.
Green and Ford bring 50 years of combined UK mortgage experience to Sutherland.
Sutherland operates in more than 60 locations in 20 countries and has originated $45bn of mortgages in the United States with more than one million mortgages under management.
A spokeswoman for Sutherland said: “Obtaining these permissions is a big thing for Sutherland. Not every firm that applies gets approved and some that get approved don’t always get every permission they apply for. Without this FCA approval, we would not be able to conduct business in the UK. We are proud of the decision and that we are viewed as competent and capable of operating within the highly regulated UK financial services sector.”
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