Shawbrook launches specialist commercial underwriting teams

Published on

Shawbrook Bank

Shawbrook Bank has launched specialist teams for processing residential buy-to-let, commercial and semi-commercial investment and trading business and large loan applications.

This has led to this new division structure. The introduction of these new teams follows the launch of the short-term loan last autumn.

Consisting of one senior lending manager and a minimum of three lending managers, each team will increase the level of support Shawbrook currently offers its broker partners. The teams will progress deals from the enquiry stage through to completion, and all decisions will be mandated within the team. Each team will also have dedicated Lending Officers to support brokers with progressing cases through to completion.

Shawbrook says that as it increases its product range, the teams will be able to support this growth and continue to refine the service offered to brokers.

The residential investment team will be headed up by Daniel Standing and consist of Thomas O’Brien, Gene Clohessy, Kevin Green and Jude Miranda, all of whom have a history of residential transactions.

Commercial and semi-commercial investment applications will be handled by Emma Collyer, Daniel Hedges and Claire Wilson, with David Morris providing interim leadership.

The third new team specialises in assessing complex trading business applications and large loans, taken as being over £750,000. The senior lending manager is Trevor Lane, who will be overseeing Dave Ellis, Gemma Smith and Shaun Bains.

Karen Bennett, sales and marketing director for commercial mortgages at Shawbrook Bank, said: “By creating teams which specialise in a particular area of commercial mortgages, we can ensure our brokers are serviced by those underwriters with the most expertise.

“Specialist knowledge helps to ensure applications progress smoothly and that possible problems are ironed out at the start. The teams’ dedication will help to streamline the application process, and ensure our broker offering continues to be of the highest quality.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FCA and PRA to ease SM&CR burden

The Financial Conduct Authority and Prudential Regulation Authority have launched a joint consultation on...

Consumers more willing to complete vulnerability assessments than firms expect

Consumers are far more willing to complete vulnerability assessments than many financial services firms...

Protection Guru expands adviser search access to bolster Consumer Duty compliance

Protection Guru has announced a major upgrade to its technical information and comparison tool...

FCA and FOS unveil reforms to streamline redress system and bolster confidence

The financial redress system in the UK is to undergo sweeping reforms in a...

Stress test reform ‘revitalising’ buy-to-let market

The buy-to-let mortgage sector is showing clear signs of resurgence following a reform to...

Latest opinions

Reeves’ reforms are a welcome boost but the housing market must modernise

Rachel Reeves’ announcement marks a clear shift in housing policy, with measures that could...

What is the Protection Claims Charter – and how does it work?

The moment of truth for any insurance product is at point of claim. Insurers have...

Affordability reforms, housing ambition and the uncomfortable PRS truth

Let’s be clear: the FCA’s recent Discussion Paper (DP25/2) isn’t necessarily about buy-to-let lending....

Broker proactivity can ease path back to prime

One of the lessons we’ve taken from the ever rising levels of interest in...

Other news

Gavin Opperman: Why teachers deserve a mortgage model of their own

As Chief Executive of Teachers Building Society, Gavin Opperman brings a distinctive global perspective...

FCA and PRA to ease SM&CR burden

The Financial Conduct Authority and Prudential Regulation Authority have launched a joint consultation on...

Consumers more willing to complete vulnerability assessments than firms expect

Consumers are far more willing to complete vulnerability assessments than many financial services firms...