Name: Peter BrennanAge: The right side of 40 – just Company: Money Partners. Job title: Operations director. Where do you live? Beaconsfield, Bucking-hamshire. Describe your current job: Overseeing all operational activities including mortgages and secured loans underwriting. I work particularly closely with the sales team to build strong relationships with our brokers and packagers. What was your first job? Helping my father bodge his DIY jobs. My first proper job was as a management trainee with Midland Bank. My manager, a real Captain Mainwaring type, said on my first day: “Keep your nose clean son, and you’ll have a job for life.” What was your last job? Chief operating officer at igroup overseeing new business and servicing. I was there for seven years during which time I saw four changes of ownership which was quite an experience. I was part of the team that sold the business to GE in 2001. What have you done in between? I’ve moved along an interesting learning curve from being a broker in the heady 1980s through to servicing some of those same mortgages as a lender in the challenging 1990s. I enjoyed the operational aspects of servicing and the experience proved to invaluable when I moved into a new business role in 2000. What has been the defining point of your career to date? Realising I didn’t want a job for life in a bank. The result was a fresh career in a finance brokerage after convincing the managing director I had something to offer. Captain Mainwaring was dumbstruck when I told him but it showed me you have to make things happen yourself. I’ve subscribed to that philosophy ever since. And the most embarrassing? Late for a presentation, I had to climb through my car’s sun roof after the central locking failed. I was parked in front of a building with predom-inantly smoked glass windows so I thought I’d escaped unseen but as I walked into the packed conference room I noticed it did not have smoked glass windows. Do you have a mortgage? Yes.
Speaking at the Mortgage Summit in Jerez today, Michael Lord, head of mortgage and credit unions at the Financial Services Authority, admitted that it is possible for a broker to comply with all its rules and still not be treating the customer fairly.He says: I accept that it is possible for a broker to abide […]
Alliance & Leicester last week confirmed plans to launch a set of specialist products through a tie-up with Lehman Brothers, adding that it may consider putting these on its own books in future. The lender says it will soon start to distribute buy-to-let, self-cert, near prime and sub-prime specialist mortgage products through brokers and the […]
Sub-prime lenders have been criticised for not doing enough to get their clients back onto prime deals after putting them on credit repair products. Thomas Reeh, chief executive officer of blackandwhite.co.uk, says: “Lenders are not interested in credit repair as long as they have their customers on sub-prime deals. They rely on clients being lazy.” […]
Support is critical in the mortgage industry. Kevin Paterson’s A-Z review rates the marketing material that lenders issue to help brokers with sales and business development
The insurer UNUM has just published a new report on The Future of Employee Benefits, which makes an interesting read for anyone considering reshaping their existing remuneration package.
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