You are here: Home - News -

P2P lender hires ex-Paragon director

by:
  • 28/09/2015
  • 0
P2P lender hires ex-Paragon director
Peer-to-peer (P2P) lender Landbay has appointed former Paragon Group director of mortgage underwriting Paul Clampin as chief lending officer.

Clampin (pictured), has 29 years of experience in the mortgage industry, including 18 years at Mortgage Trust, owned by Paragon Group.

Landbay has recruited a number of industry professionals since 2012, including Robert Burgess as non-executive director, who previously held executive roles at Alliance Trust, Lloyds TSB and Scottish Widows, and Hans Geberbauer, CEO of Paratus AMC.

Earlier this month, Landbay became the first P2P lender to put its loan book through Bank of England standard stress testing, with results reflecting no loss to the platform’s lenders.

John Goodall, co-founder and CEO of Landbay said the business was ready to enter a new phase in its growth.

“Our lending volumes are set to increase substantially over the next 18 months, and I’m sure Paul will do a fantastic job of scaling up our lending capacity, while maintaining the high underwriting standards that form the bedrock of our model,” he added.

“The first half of 2015 has seen our senior team grow with a host of exciting names, and we know Paul’s contributions will take us to new heights.”

There are 0 Comment(s)

You may also be interested in