HML chief executive Brian Brodie and chief commercial and finance officer Neil Warman have quit.
The third-party mortgage servicer, which is owned by Skipton Building Society, has made chief operating officer Andrew Jones interim chief executive until replacements are found. HML declined to comment on the departures of Brodie and Warman. HML made a profit of £64,000 for 2010, down from £3.4m in 2009, due to restructuring costs. Staff levels were cut from 1,966 in 2009 to 1,460 in 2010 and assets under management fell from £47.5bn to £43.5bn.
In December, Money Marketing revealed GMAC-RFC was taking the servicing of its £3.6bn book in house. In January, Nationwide Building Society transferred admin of its combined £2bn mortgage book in house.
In August, Money Marketing revealed that talks between Vertex and Skipton over the acquisition of HML had broken down.
SPF Private Clients managing director Mark Harris says: “Skipton Building Society knows what it is doing and will have an idea of who they want to bring in to replace Brian and Neil. Chief executives and board members come and go but businesses still survive.”