The Association of Mortgage Intermediaries, AMI, has hit the 2,000 member mark some three months int...
The Association of Mortgage Intermediaries, AMI, has hit the 2,000 member mark some three months into its existence, according to a statement from the association.
Set up to promote the interest of mortgage intermediaries as they come under FSA regulation, AMI's director Chris Cummings says that the number of new members is a positive indication of the need for an industry body.
"Intermediaries are now thinking more seriously about regulation and the impact it will have on their business," he says.
"As a trade body, we lobby the FSA to ensure regulation is delivered with light touch and proportionality. Without AMI, intermediaries would have no-one fighting their corner."
About 150 new members are joining weekly, and AMI intends to use this support to focus on the FSA, the Treasury, MPs and European issues that will affect business here in the UK.
AMI will re-launch its existing website in the next few weeks, to provide more functionality, such as online voting and the ability to download templates of response papers to regulatory documents.
Cummings says the additional features are an important part in improving dialogue between the association and its members.
"That's part of being a good association," he says.
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