The Cambridge Building Society has taken out membership of The Intermediary Mortgage Lenders Association (IMLA).
IMLA, a forum for discussion and debate between members, focuses on the business issues facing intermediary-based mortgage lenders. It has close working relationships with the Association of Mortgage Intermediaries and UK Finance.
Tracy Simpson, head of lending at The Cambridge, said: “At The Cambridge we are always striving to improve and look for better ways of working that will offer a high level of service to our intermediaries and their customers.
“Therefore being involved in discussions regarding the future of the intermediary market and having access to the extensive, quality research available from the IMLA will be really valuable to the society.”
IMLA also hold regular meetings of a larger joint lender/intermediary group (JLIG), which enables members from all three trade associations to meet and discuss issues of mutual interest concerning practice or policy.
Kate Davies, executive director of IMLA, said: “On behalf of the Chairman and all members, I am delighted to welcome Cambridge Building Society into IMLA membership. Of our 42 members, 13 are now Building Societies.
“Part of IMLA’s strength and value to its members lies in the diversity of membership and the breadth of experience and knowledge of the mortgage market which each brings to our discussions. I look forward to working with our new colleagues from the Cambridge.”
Full membership of IMLA is available to any lender actively involved in the intermediary mortgage market, which has a separate and clearly defined operating structure that is dedicated to processing intermediary introduced mortgage business.