Loans Warehouse has appointed former Prestige Finance director of operations Nick Rember.

Rember will take up the newly created position of secured loan operation director at the firm on 18 January.

Rember first joined Prestige, now a subsidiary of OneSavings Bank, back in September 1988.

He became operations director in November 2014 two years after Prestige Finance was purchased by OneSavings Bank in 2012. In February 2020 OneSavings Bank announced plans to close Prestige – which was the UK’s longest established second charge lender.

The appointment is a significant one for the specialist brokerage and comes at a time when the firm has been strengthening its presence in additional market segments such as bridging finance and personal loans.

In recent months, Loans Warehouse has made numerous additions to its lender panel whilst also upgrading its tech capabilities – which included taking on open banking provider Credit Kudos.

Loans Warehouse has also been championing the resurgence of second charge lending, which was heavily impacted at the start of the pandemic, and recently relaunched its revamped Secured Loan Index.

Matt Tristram, co-founder of Loans Warehouse, said: “This appointment is a statement of intent from the business.

“The opportunity in second mortgages heading into 2021 is as big as I’ve seen since the start of the millennium and we intend for Loans Warehouse to continue to be at the forefront.

“We’re all excited about Nick’s recruitment. He has great pedigree and will add vast experience in all areas of lending that will help us grow the business over the next few years.”

Rember added: “The opportunity to join Matt, Sam and the team at Loans Warehouse was one that was too good to turn down.

“I have dealt with Loans Warehouse since they were formed and seen them grow to become one of the leading secured loan brokers in the country.

“I am hoping that my experience and knowledge of the secured loans business will help continue to grow the vibrant business that has been built up over the years.

“In my opinion a high quality service is the key to success in the secured loan industry and in this area our reputation is second to none.

“I am extremely excited to be joining the business and help continue its incredible growth and continue to enhance the fantastic reputation they have.”