Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Redwood Bank Appoints Omkar Hushing as Senior Underwriting Manager

Redwood Bank has appointed Omkar Hushing as its senior underwriting manager. Hushing brings over 15 years of experience in structured and non-bank lending to the role.

According to Mortgage Solutions, Hushing will support Redwood Bank’s expanding product range at a time when borrowing scenarios are becoming increasingly complex and require greater flexibility. Redwood Bank’s approach to underwriting involves manual, case-by-case assessments, allowing underwriters to consider a borrower’s wider circumstances alongside their credit profile.

David Kennedy, chief operating officer at Redwood Bank, stated that Hushing’s appointment strengthens the bank’s underwriting capabilities as it continues to grow and enhance its lending proposition. Kennedy noted that Hushing has extensive experience in specialist lending, underwriting, lending operations, and risk management.

Last month, Redwood Bank also hired Chris Butler as regional development manager.

This appointment may be of interest to UK letting agents and inventory clerks monitoring changes in lender personnel and underwriting practices, as these can impact mortgage approvals and property transactions.