Loans Engine Managing Director McGrath Leaves Broker

The Loans Engine said chief executive Ryan McGrath left the company at the end of October as part of a corporate restructuring.

Financial brokerage president and founder Andrew Turner said, “Ryan has made a fantastic contribution to the success of the business over the past 20 years.

He adds: “While I am extremely sad to see Ryan leave us, we have an exceptionally experienced and dedicated team that will enable us to continue to provide excellent service to our clients and mortgage partners.”

The move comes as the company announced that its in-house second-charge provisioning system, Nexus, is now fully integrated with its range of specialist first-charge lenders.

The company launched Nexus in 2012 and refined the system to meet the changing needs of mortgage brokers, customers and regulators – including a substantial rebuild to meet the needs of the Mortgage Credit Directive implementation in 2016.

Turner adds, “Nexus is truly unique. It took iterations to adapt to the needs of the post-MCD world, providing a stable, high specification solution to serve customers and intermediaries.

Last month, the company also launched an advisory service for specialist residential mortgage cases.

It says the new service allows UK mortgage brokers access to the firm’s panel of residential mortgage specialists using its conditioning service.

Brokers must also refer cases to the firm where they will find, find, advise and recommend, and condition the mortgage until completion.

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