Godfrey Blight, managing director of sales and marketing at GMAC-RFC will stay on as chairman and John Heron, managing director of Paragon Mortgages, will remain deputy chairman.
Bob Young, managing director at CHL Mortgages and Colin Shave, chief executive office of GE Money Home Lending, both remain directors.
Peter Williams will retain his position as executive director.
Tony Ward, managing director at Home Funding, has been elected director to replace Paul Howard, sales director of
Nationwide Specialist Lending.
Blight says: “This is new ground for the mortgage industry. Now, more than at any time, it’s important to have a strong, united voice representing the views of all intermediary lenders – banks, building societies and specialist lenders – as a key component of the market place.
“The coming year presents difficult challenges for all mortgage lenders – IMLA looks forward to welcoming new members from across the mortgage market, and to working jointly with the government, Bank of England and FSA to champion their interests.”
“I’m very pleased to welcome Ward back onto the IMLA board. His expertise in the intermediary lending sector is a welcome addition to the IMLA board.
“I would also like to take this opportunity to thank Paul Howard for his contribution to IMLA. He has been a valued member of the board.”