The Council of Mortgage Lenders has announced the recruitment of two new members and four new associates.
The members joining in recent weeks are:
Abu Dhabi Commercial Bank. Based in the United Arab Emirates, the bank is looking to expand into the UK market, and is focusing on lending to buy-to-let and high net worth customers.
Mortgages plc, which has joined in the new category of membership for third party administrators. Mortgages plc administers a closed back book of mortgage assets associated with Bank of America Merrill Lynch.
Associate membership is open to organisations with an interest in the UK mortgage market, but which do not lend themselves. The newly recruited associates are:
Safe Move Scheme, a privately owned limited company that operates a property data management scheme developed with property professionals. It offers services to help lenders, mortgage advisers, financial services networks, estate agents, lawyers, house builders and surveyors that can benefit from improved processes.
Sesame Bankhall Valuation Services is a new company from old hands, having been launched in 2011 by Sesame Bankhall Group and Direct Valuations. The firm is an independent panel manager that works for lender partners to manage risk, provide services and drive up quality. It provides full national postcode coverage, client-approved panel members and two-tiered professional indemnity cover.
Infosys, a form involved in consulting, technology and outsourcing solutions. The company works with clients in more than 30 countries, with the goal of enabling them to “outperform the competition and stay ahead of the innovation curve.” It helps enterprises, including those in the lending sector, through the provision of consulting, solutions and operational leadership.
Addleshaw Goddard LLP, a firm of almost 750 lawyers, with headquarters in London and offices in Leeds and Manchester, as well as Dubai, Oman, Qatar, Singapore and Hong Kong.
The CML now has 119 members, eight further members in the category for third party administrators and 81 associates.