The council was formed to promote growth and encourage responsible lending practices in the non-prime space
The founder and CEO of non-QM lender PCMA has been named an executive member of the Non-Prime Lending Council.
John R. Lynch will join other senior executives from alternative lending institutions on the Five Star Institute’s Non-Prime Lending Council (NLC), which was performed to provide a platform for industry leaders to address challenges, promote growth, and encourage responsible lending practices in the non-prime space.
“It is a great privilege to join the nation’s most prominent non-QM lenders on the Non-Prime Lending Council as an executive member,” Lynch said. “As the creator of the private-client lending category, I look forward to highlighting best practices, addressing policy updates, and paving the way for continued industry developments.”
PCMA, the first non-bank private-client lender, focuses on developing private-client products and services for mass-affluent and high-net-worth households.
“Adaptation and change can only happen when the industry understands the needs of their customers,” Lynch said. “We understand the needs of our customers and are excited to develop liquidity and product solutions that will entice our customer segment back into the residential lending market.”