Former DB Mortgages director Mark Bergin joins Kensington
Bergin made the move in January this year after a four year stint at DB Mortgages, part of Deutsche Bank.
He was previously operations director at The Mortgage Business where he was part of the launch team in 1988 and worked closely with TMB managing director Bill Dudgeon. The duo launched DB Mortgages in April 2006 with operations director Paul Graham and director of credit David Parry, piloting products through three packagers, offering specialist and sub-prime deals. Head of Kensington, Keith Street, also worked at TMB from 1998 to 2002 as sales and marketing director.
Bergin, who has an MBA from the University of Chester, drove record sales of £4.8 billion in 2003 while he was at TMB. Prior to the launch of TMB Bergin spent five years managing revolving cheque book accounts, first and second charge mortgage loans originated through the HBOS branch network via direct mailing campaigns and intermediaries.
A spokesman from Kensington said: “Mark is working with our team on various projects including looking at how to improve our service to brokers and possible new product opportunities.
“We are building a new market based on meeting the specific needs of our customers, not personalities within the industry. And so, while we are obviously delighted that Mark has joined to strengthen our team we would rather talk about our proposition for intermediaries and their clients rather than individuals within our business.”
Earlier today the Financial Services Authority announced it had fined DB Mortgages £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, also securing around £1.5 million payouts for affected customers.