Hatfield Philips launches pan-European agency service

Hatfield Philips International (HPI), an independent primary and special servicer, has launched Hatfield Philips Agency Service (HPAS). The company says its new pan-European service expects to be substantially more efficient and cost effective than traditional in-house agency businesses.

HPAS says it is able to offer value-creating solutions because unlike traditional providers it can pass on economies of scale to its clients. HPAS offers a completely independent and cost-efficient alternative to any lender who needs agency services across all European jurisdictions.

The firm will draw on its pool of in-depth local knowledge as part of the largest commercial and multi-family mortgage servicers outside the US to provide a consistent approach across Europe. HPAS, based in Canary Wharf, will cover all European territories and be headed by HPI Directors. HPAS' product offering will include the ability to act as security agent and facility agent and in holding security documents.

HPAS is already in discussion with a number of other third parties who have expressed an interest in the unique service.