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Nottingham BS hires Davenport as head of underwriting

  • 23/04/2024
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Nottingham BS hires Davenport as head of underwriting
Nottingham Building Society has appointed Maxine Davenport to its leadership team as head of underwriting.

She has more than 20 years of experience and joins from Aldermore Bank, where she worked for seven years, most recently as product and business manager of portfolio management. She was previously head of underwriting at Aldermore Bank for just over a year, and also held the positions of senior operations manager, senior internal auditor, operations manager of financial crime and credit control quality analyst while at the lender.

Davenport has extensive experience in mortgage underwriting, product lifecycle management and operational risk, including a 13-year tenure at The Co-operative Bank as underwriter.

In her new role, Davenport will be responsible for driving Nottingham Building Society’s mortgage transformation and building on its specialist lending capabilities to meet the changing needs of customers.

The lender said she would be instrumental to the business as it expands its range and aims to help more people become homeowners.

Last year, Sue Hayes, Nottingham Building Society’s chief executive, said the mutual wanted to target borrowers who did not fit standard criteria.

Praven Subbramoney, chief lending officer at Nottingham Building Society, said: “Maxine’s skills and experience will be of great value to us as we focus on transforming our mortgage offer, finding innovative ways to support under-served segments of the market and helping as many people as possible achieve their homeownership ambitions. I’m thrilled to welcome her to the team and look forward to working together closely at this exciting time for the society.”

Davenport added: “I’m incredibly excited to be joining Nottingham Building Society during this stage in its strategy and transformation journey, and I’m equally passionate about assisting more of our members on their homeownership aspirations.

“My experience spans across various stages on the mortgage product lifecycle, including leading specialist underwriting functions that are focused on driving efficiencies that deliver good customer outcomes. I’m looking forward to utilising my experiences to complement the society, people and processes as it continues on its growth journey.”

Last month, it was reported that Nottingham Building Society’s gross mortgage lending rose to £887m.

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