The deal is still awaiting regulatory approval.
Computershare is already an established player in the USA mortgage servicing market, having acquired Specialized Loan Servicing in 2011.
Skipton will receive an initial consideration of £47.5m, plus an adjustment for surplus working capital, together with potential additional payments based on revenue growth in 2015 and 2016.
The initial consideration brings profit totalling £26m to Skipton’s results in the second half of this year.
Skipton established and grew HML over 26 years to become one of Europe’s leading third party mortgage administrators.
Skipton suggested this allows HML to capitalise on market opportunities and Skipton to refocus on growing its core business of mortgages and savings, and investing in member services.
Skipton group chief executive David Cutter said: “HML has been a major success story for Skipton of which we are very proud. However, we anticipate major growth opportunities arising in the mortgage outsourcing market which are best seized by the investment from a large multinational company. We believe Computershare will be an ideal new owner for HML and I wish all staff at HML the very best for the future.”
