We are delighted to feature an interview with Godfrey Blight, Director of Capita Mortgage Services - Europe's largest independent loan servicer.
How did you get into mortgage servicing?
I was approached by the private equity firm that owned Crown Mortgage Management at the time to look at strategic options for the business (one being to turn it into a lender). When Capita approached and subsequently bought Crown Mortgage Management I was offered the option to continue to work with Capita post acquisition.
What do you see as the biggest trend affecting mortgage servicing in the next 5 years?
Large institutions such as Capita, Blackstone / TPG and Computershare acquiring mortgage servicers have changed the landscape, the greater use of technology and a move to servicers handling originations either for new lender clients or with in house lender.
What do you think is the greatest barrier to entry for a new mortgage lender?
Still the regulatory requirements, however the set up barrier is eased with servicers being able to provide outsourced options.
How is Capita and its clients preparing for the increased regulation of second charge loans?
We have had a major project underway for many months now understanding the requirements and are now just entering the phase of consulting with our clients who are affected to develop the best solution for them. We will be ready for implementation by the spring of 2016.
Who has been the most influential role model for your professional life?
Stephen Knight - a great entrepreneur, innovator and business man whom I had the pleasure of working alongside for over 20 years.
What would be your dream job if you didn’t work in mortgage servicing?
Running a restaurant in a ski resort with great views, fresh air and lots of time spent on the slopes.
If you could live anywhere, where would that be?
As today, somewhere with easy access to London which is the greatest city in the world.
What do you do to relax?
Time with family & friends, gym, golf, eating out, cooking and going on great holidays.