His role is to help seek FCA authorisation and guide product distribution afterwards
OnLadder, a startup that provides alternative financing services, has announced the appointment of James Bishop (pictured) as a consultant to the business.
Bishop joins the company as it seeks authorisation from the Financial Conduct Authority (FCA). He has over 20 years of experience in the mortgage industry working for lenders. He also spent 15 years developing relationships with mortgage intermediaries within sales and underwriting roles. His most recent mortgage role involved launching new products and distribution to the intermediary market with Harrods Bank.
At OnLadder, Bishop’s role is to help seek FCA authorisation by providing his experience of back-end processes, and customer and intermediary journeys through a lender. At launch, he will then be guiding the distribution of OnLadder’s new loan product through the intermediary markets.
OnLadder said it plans to unveil a more flexible form of deposit financing to help first-time buyers get on to the property ladder.
Cameron Orcutt, chief executive at OnLadder, said they are pleased to have secured Bishop’s services as he is expected to provide invaluable help to the team with its authorisation strategy and launch plans.
“First-time buyers have been given a raw deal for nearly 20 years now,” Orcutt remarked. “OnLadder plans to tackle this situation head on with a flexible deposit financing solution and James’ appointment takes us one step closer to realising these plans.”
Commenting on his appointment, Bishop stated he is excited to be working at OnLadder because it is a startup business that aims to help first-time buyers.
“FTBs are vital for a healthy property market, and I believe we can make a huge difference to people as they look to become property owners,” he added. “Joining a new company at this stage is a fantastic opportunity, and I look forward to being able to help towards the authorisation and launch of a new lender.”
