The trade body announced the newly-created fellowship body and presented Smith (pictured centre) with the award at its annual dinner last night in London.
AMI chief executive Robert Sinclair (pictured right) explained that he and AMI chairman Martin Reynolds (pictured left) had decided to create a new membership class.
“This membership class will be the AMI fellowship and we suspect there will never be more than 10 of these fellows at any one point in time,” he said.
“It is being awarded for what we call outstanding service to the intermediary community through the trade body,” he added.
Smith has spent 40 years within the mortgage industry including his 14-year stint on the AMI board at the turn of the year as he also retired from 24 years with Legal & General Mortgage Club.
He has also spent several years as deputy chairman and member of the Bank of England’s residential property forum.
Sinclair said it was an easy choice and he was “exceptionally delighted” to install Smith as the body’s first fellow.
“He had been on the AMI board since its inception and therefore had been a very important person, particularly as we transitioned out of AIFA,” Sinclair said.
“He also helped greatly in terms of guidance and support.”
“So I am exceptionally delighted to ask Stephen Smith to join us to be installed as the first AMI fellow,” Sinclair added.