CMM will work as an extension of the InterBay team, with all Crown employees working on the contract receiving full InterBay staff training.
InterBay will continue to process all applications in-house, up to offer stage, using its specialised team of loan managers and underwriters. The data is then transferred instantaneously and electronically to CMM, in order to fulfil all the post completion tasks.
Julien Holmes, managing director of Crown, said: "We are delighted to have won the contract to partner InterBay. We have long standing experience in the commercial mortgage market and look forward to working with InterBay as it brings its unique energy and philosophy, which is based on success in the US, into the UK commercial mortgage market."
Colin Bell, head of operations at InterBay, said: "Crown was involved in the launch process for several months and has been extremely helpful in getting us to market. We already have completed a substantial amount of loans and are excited about the future. Having Crown on board means that we can work together to provide an excellent quality of service for brokers and borrowers, from the moment the application comes in through to post-completion.”
