CFS, which opened its doors for business on Monday, plans to recruit specialist staff from the rich vein of specialist lending talent located in the North East of England that is currently unemployed or under utilised due to the parlous state of the UK economy.
Kevin Pitt, CFS managing director, said: “A critical part of the launch period is ensuring we recruit and retain excellent underwriters and administrators who can make an immediate impact in our business.
“Newcastle and the North East is the perfect place for us to look to find these people as the area has seen the death of some big name lenders in recent years – and no-one has moved in to fill the void.
“While we will never be a business on the scale of Northern Rock, we are still an attractive employment proposition for specialist people who are looking to return to the mortgage lending industry – or who are looking for a challenge with a new and dynamic organisation.”
CFS is basing its underwriting and administrative centre in Newcastle, while its sales operation is located in York. Its business is sourced through mortgage brokers and financial intermediaries located throughout the UK.
“Since we opened our doors on Monday, we have been staggered by the level of interest in our commercial lending proposition,” added Pitt. “The phone hasn’t stopped ringing.
“Intermediaries have got lots of potential commercial mortgage deals they need to place with lenders – and the calls we have been receiving demonstrates the huge demand there is out there among the small and medium-sized business community for specific types of financial products.
“In order to deliver the high levels of service we believe brokers have a right to receive, we are seeking to hire experienced people who are capable of making an immediate impact – and can add value to the relationships we are building with intermediaries throughout the UK.”
The first phase of recruitment is beginning immediately – with a potential second phase due to commence when CFS has consolidated its position as a well-known brand within the commercial lending industry.