The Intermediary Mortgage Lenders Association (IMLA) has outlined its new board of directors and management structure for the 2009/10 executive year.
IMLA has also unveiled the formation of a cross industry Mortgage Funding group aimed at restoring mortgage market liquidity.
The new board consists of Colin Shave, chief executive, GE Money Home Lending Ltd Tony Ward, chief executive, Home Funding Ltd
Kevin Purvey, head of intermediary sales, C&G plc Tom Gurrie, divisional director (intermediary sales), Chelsea Building Society and Lee Gladwell, sales and proposition director, Platform.
Shave and Ward are current directors, and the latter will serve as deputy chairman for the year. Peter Williams, current executive director, will become executive chairman.
Outgoing directors include Godfrey Blight (GMAC RFC) who has served as chairman for two years, John Heron (Paragon Mortgages) who has served as both chairman and deputy chairman, and Bob Young (CHL), none of whom stood for re-election.
Williams said: “This is a year of transition for IMLA