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

Coadjute joins FCA AI testing programme as conveyancers face tougher AML regime

Coadjute has joined the Financial Conduct Authority’s AI Live Testing programme as conveyancing firms...

Morrow hire to lead intermediary growth strategy

Morrow has appointed Amit Gupta as financial services director as it looks to expand...

Russell Quirk calls out broken transaction system

UK mortgage and property professionals have been urged to rethink the homebuying process after Russell...

Newcastle updates broker portal for faster product transfers

Newcastle for Intermediaries has upgraded its broker portal to make product transfers quicker and...

Finova opens Manchester office as AI-led growth creates 50 jobs

Finova has opened a new office in Manchester, creating more than 50 roles as...

Latest publication

Other news

Coadjute joins FCA AI testing programme as conveyancers face tougher AML regime

Coadjute has joined the Financial Conduct Authority’s AI Live Testing programme as conveyancing firms...

Morrow hire to lead intermediary growth strategy

Morrow has appointed Amit Gupta as financial services director as it looks to expand...

Russell Quirk calls out broken transaction system

UK mortgage and property professionals have been urged to rethink the homebuying process after Russell...