Controversy could hit AMI&#39s reputation

Industry concern is mounting that AMI chairman Charles Gooding&#39s decision to launch his own mortgage network could damage the trade body&#39s reputation.

Matt Grayson, spokesman for BM Solutions, says: “Any controversial situation like this creates reputational damage. However, it is expected that the good work AMI has done will outweigh negative coverage in the long-term.”

And IMLA deputy chairman John Heron adds: “AMI is in charge of its own destiny.”

Charles Gooding says: “Myself and a number of colleagues who were involved in setting up NAMBA wanted to make sure the transition to AMI was successful, which it was. As far as we&#39re concerned, this hasn&#39t changed.”

Over 1,700 people voted in Mortgage Strategy Online&#39s straw poll over the past week with 81% believing AMI&#39s reputation has been damaged by Gooding.