The Money Group (TMG) has appointed Paul Lewis as the managing director of its new mortgage club.
Lewis (pictured) was formerly head of intermediary sales at Mansfield Building Society, and joins with immediate effect.
Scott Thorpe, director and co-founder of The Money Group, said: “As brokers we understand what brokers want from a mortgage club, however just as important as that is recognising what the lenders are bringing to the table.
“It was essential to us to have someone come in and head up the Club that could also speak the language of a lender.”
Thorpe added: “The club ethos will be about the three ‘Es’ - engage, educate and entertain. I cannot think of anyone currently working in the industry better placed than Paul Lewis to help us meet those three criteria.”
While at Mansfield, Lewis was a member of the ‘Power of 8’ lenders cooperative, which was established to bring regional lenders together to share insight, best practice, and support to brokers.
Lewis commented: “My DNA has lending running through it and to hear the ideas and innovation as to how we could create a new club that was as much for the lenders as it is the brokers I just couldn’t say no.”
He added: “I want us to be able to add value to both sides of the equation and some of the innovative plans will hopefully help show the important role that clubs play in the industry.”
TMG’s mortgage club is expected to launch in the second quarter with a preferred panel of both lenders and brokers and has already signed up a number of lenders.
It is looking to work with between 100 and 200 advisers to avoid 'diluting unique selling points'.
Lewis’ appointment comes after the company hired former Primis director Dave Corbett as recruitment and brand development director.
chloe.cheung@ft.com
What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know.
