Equity Funding Corporation is opening a new call centre in West Kirby, Merseyside, creating 50 sales support jobs by the end of the year.
It said the move was in response to a changing market and the need to provide a more responsive communication platform to the thousands of intermediaries who are opting for direct authorisation with the Financial Services Authority.
Equfund operates a no upfront fees service to introducers and has held a lending partnership with Platform Home Loans since 1998. It was established in 1997 as the first correspondent lender in the UK, and now offers a range of conforming and non-conforming mortgage facilities to intermediaries; these include standard, buy-to-let and right to buy products.
Danny Mahon, Equfund's managing director, says: “Our growth plans are ambitious and we are intensely competitive in our marketplace. We have developed a strong team over the years but our future success very much depends upon our ability to recruit quality people who are motivated and keen to develop new skills. The additional staff will enable us to meet the growing demand for our expertise, to expand our existing services in line with our business plan and provide the capability to attract new business."
Mahon confirms that although the Equfund management are considering expanding funding sources for branded lending activities, he denies that they are currently in discussions with Countrywide Home Loans, the US lender seeking to enter the UK lending market.