The House Crowd appoints new Chief Operating Officer

By Bridging Loan Directory 18th February 2020

The House Crowd has appointed Carl Davies, pictured, as its Chief Operating Officer. Strengthening the peer-to-peer lending platform’s management team, Davies will oversee The House Crowd’s processes and systems.

Davies will be working to consolidate the business’ practices and processes, including implementing new curation strategies, streamlining the underwriting processes and working towards implementing an institutional-grade credit policy. This includes applying some of these best practices to the existing loan book and increasing transparency and communication with the investor base.

He will also spearhead the origination of new bridging and development loans both directly and via the professional broker network.

Davies has had extensive experience in the peer-to-peer property loan sector and now joins The House Crowd team with more than 35 years’ experience in business, spanning operational roles as well as consultancy.

Having run an international management consultancy for 15 years, Davies made his move into the peer-to-peer lending sector in 2018. Passionate about helping to solve the UK’s housing crisis, he has spent the past two years working with reputable SME property developers, as well as working to democratise property investment by reducing the risk to investors.

Davies says:

“It’s a great time to be joining The House Crowd team, bringing my personal experience of the property development market to the table and helping to make property investment more accessible to all.

With new services being launched, such as the Auto-Invest model, and continued development and promotion of products like the Innovative Finance ISA, which allows tax-free investments up to £20,000 per annum, being part of a company that is championing innovation and customer experience is hugely exciting.

We’re currently in the scale-up stage and are hoping to secure a greater level of institutional investment to complement our existing retail investor base, so improving and implementing effective processes and systems is vital to guaranteeing growth within the business at this time. We have big plans for the platform and I look forward to seeing what the future holds for The House Crowd.”

The appointment comes at a key time for growth and investment whilst the company is rapidly developing its Innovative Finance ISA offering.

The appointment will enable CEO and Founder, Frazer Fearnhead, to step into a more strategic role, focusing on effectively growing the business and ensuring it continues to lead the way in the peer-to-peer lending industry.