The Association of Mortgage Intermediaries has invited PMS executive chairman John Malone to be mortgage brokers’ representative on the National Fraud Authority’s mortgage fraud forum.
The forum is a joint initiative between the NFA and the Metropolitan Police and currently includes representatives of the Council of Mortgage Lenders, the Solicitors Regulation Auth-ority, Rics, the FSA and the police but until now intermediaries have not had a representative on the forum.
AMI director Robert Sinclair says: “I am delighted to be able to get one of the most experienced heads in our industry involved in this forum.
“I know that John will bring his expertise to bear in ensuring that the brokers’ interests are protected.”
Malone says intermediaries can now play their part in fighting fraud. He says: “At least with representation, they will have their views and concerns exp-lained and they will have support where support is necessary.
“In reducing fraud and protecting the customer, we can now play our part as responsible intermediaries in trying to eliminate fraudulent behaviour and support the other professional bodies.”
Emba group sales and marketing director Mike Fitzgerald says: “It is about time that they had someone who represented intermediaries because, let’s face it, brokers are the bridge between the public, the lenders, politicians and the consumer groups.”