IMA Company Overview

Founding Date and Background

IMA Company, known as the Association of Irish Mortgage Advisors (IMA), was established to represent the interests of mortgage brokers in Ireland. The organization aims to promote professional standards and industry development among its members. The association has undergone significant changes, including a rebranding from its former name, AIMA, and a recent relaunch to enhance its services.

Parent Company/Ownership Structure

IMA operates as an independent association. It is not owned by a parent company but is governed by a board of directors comprised of experienced mortgage professionals dedicated to advocating for the interests of its members and the mortgage advisory industry.

Headquarters Location

The headquarters of IMA is located in Ireland, with a focus on providing services and support to mortgage advisors across the country. The association's new home can be found at www.irishmortgageadvisors.ie.

Global Business Scope

While IMA primarily serves the Irish mortgage advisory market, it is part of a broader network that connects mortgage brokers and clients. The association promotes best practices and professional standards that can resonate with international standards in the financial services sector.

Main Regulatory Bodies

IMA operates under the regulations set forth by the Central Bank of Ireland, which oversees financial services in the country. The association also adheres to various industry standards and guidelines to ensure compliance and promote ethical practices within the mortgage advisory sector.

Back to top

Company History and Development

Key Milestones

Since its inception, IMA has achieved several significant milestones, including the establishment of an awards event to recognize excellence among mortgage advisors and product providers. The IMA Awards 2024 showcased the best in the industry, highlighting innovation and service quality.

Business Expansion Journey

The association has expanded its reach by enhancing its online presence and developing new platforms to connect mortgage customers with advisors. The introduction of a new portal, which is set to launch soon, aims to improve accessibility and user experience for clients seeking mortgage advice.

Customer Base Growth

IMA's membership has grown steadily, reflecting the increasing demand for professional mortgage advisory services in Ireland. The association focuses on building long-term relationships between its members and their clients, emphasizing the importance of trust and expertise in the mortgage process.

Platform Development History

The development of the IMA portal represents a significant advancement in how the association engages with both members and clients. This platform is designed to streamline the mortgage process, making it easier for customers to find qualified advisors and access essential services.

Important Awards or Recognitions Received

The IMA Awards 2024 recognized outstanding achievements in the mortgage advisory sector, with categories including Best Home Buying Mortgage and Best Protection Product Range. These awards not only celebrate individual excellence but also promote higher standards across the industry.

Back to top

Trading Services Offered

Forex Trading Options

While IMA primarily focuses on mortgage advisory services rather than trading, its members are knowledgeable about various financial products, including forex trading. However, specific details about the number of currency pairs offered are not within IMA's core services.

Stock Trading Options

Similarly, IMA does not directly offer stock trading services. Instead, its focus remains on mortgage products and advisory services. Members may provide insights into stock market trends as they relate to mortgage financing but do not engage in stock trading.

CFD Trading Products

The association does not specifically deal with Contracts for Difference (CFDs) as its primary focus is on mortgage advisory services. However, members may have knowledge of various financial instruments, including CFDs, in the broader context of financial advice.

Other Financial Instruments

IMA members may offer advice on a range of financial instruments, including mortgages, protection products, and insurance. However, the association's primary focus is on mortgage-related services rather than a comprehensive range of financial products.

Special Services or Unique Advantages

One of the unique advantages of working with IMA members is their extensive expertise in the mortgage sector. The association emphasizes the importance of long-term relationships between brokers and clients, ensuring that customers receive personalized advice tailored to their specific needs.

Back to top

Regulatory and Legal Background

Detailed Regulatory Information

IMA operates under the regulatory oversight of the Central Bank of Ireland, ensuring compliance with financial regulations and standards. The association promotes transparency and ethical practices among its members.

Legal Entity Structure by Region

As a professional association, IMA is structured to represent mortgage brokers in Ireland. It does not operate as a financial institution but serves as a governing body for the mortgage advisory sector.

Client Fund Protection Measures

While IMA does not directly handle client funds, it advocates for best practices in the industry, including the importance of protecting clients' financial interests. Members are encouraged to adhere to regulatory guidelines to ensure client fund safety.

Countries/Regions Served

IMA primarily serves the Irish market, focusing on mortgage advisors and their clients within Ireland. The association's initiatives and resources are tailored to meet the needs of the local mortgage advisory community.

Compliance History

IMA maintains a strong compliance history, working closely with regulatory bodies to ensure that its members adhere to industry standards and regulations. The association continually updates its practices to reflect changes in the regulatory landscape.

Back to top

Competitive Landscape

3-5 Main Competitors

In the mortgage advisory sector, IMA competes with several organizations, including:

1. The Mortgage Advice Bureau: A leading mortgage broker network in the UK and Ireland, offering a wide range of mortgage products.
2. The Association of Mortgage Intermediaries (AMI): A UK-based organization representing mortgage intermediaries and promoting best practices.
3. The National Association of Mortgage Brokers (NAMB): A US-based association advocating for mortgage brokers and providing resources for industry professionals.

Positioning in the Industry

IMA positions itself as the professional voice of the Irish mortgage broker, focusing on promoting high standards and professional development within the sector. The association is dedicated to enhancing the reputation of mortgage advisors in Ireland.

Market Differentiation Factors

IMA differentiates itself through its commitment to professional standards, member support, and advocacy for the mortgage advisory industry. The association's awards program highlights excellence among its members, fostering a culture of continuous improvement and recognition within the sector.

Back to top

In conclusion, IMA Company plays a crucial role in the Irish mortgage advisory landscape, advocating for professionals and promoting high standards within the industry. Its focus on member support, regulatory compliance, and customer relationship building positions it as a leader in the sector. For more information about IMA and its services, please visit www.irishmortgageadvisors.ie or refer to the appropriate learning resources linked throughout this article.