Robert Owen has stood down from his role as chief executive of Central Trust after just 18 months in the role.
Recent industry gossip has speculated on the merits of the auto underwriting system which is being introduced by Optimum Credit; specifically that it may not be well received by brokers who are used to manual underwriting.
In the first six months of 2014, second charge loans lending volumes have increased by 32.8%, but regulatory changes and network activity suggest we should see even greater growth in the second half of the year.[…]
Leading master broker Promise Solutions is set to launch a new comparison system this week that allows brokers to receive quotes on secured loans from 20 lenders in less than 60 seconds and print an illustration of the search for their compliance files in order to demonstrate they have properly considered secured loans for the customer.
Optimum Credit has announced two new additions to its senior management team, following the recent addition of its major RBS funding line.
Industry lender, TFS Loans, has announced it will temporarily pull out of the secured loans market as part of a new strategic move.