Top 3 broker needs

Recent meetings held between Promise and AR / DA firms have highlighted that mortgage brokers who have embraced second charges are reporting they are “rushed off their feet” with new enquiries. Those who are yet to get fully on board have not really seen much change since MCD day. However they all have common requirements.

Broker requirement No. 1 – Getting fast accurate indicative comparisons for your compliance file

Rather than rely on an adapted mortgage sourcing system, you have free access to the original Loan Brain™ which has been supporting brokers since 2006 with:

• 60 second comparison reports – cheapest fixed, variable, interest only etc.
• Choice of accurate whole of market sourcing, DIP forms, email or telephone quotes.
• The system can underwrite arrears, CCJ’s, defaults etc.
• Live underwriter interaction.

Broker requirement No. 2 – Having an expert to guide you if seconds are not your strong suit.

Key Criteria & Application Guidance

• Your underwriter can view and manually underwrite your enquiries and source and advise you on possible options.
• They can do instant soft credit searches for greater accuracy – no harmful footprint.
• They can help with compliance or process queries and take the enquiry forward to offer.

Broker requirement No. 3 – a fast process to quickly move an enquiry to an accurately underwritten offer should a second charge be the preferred route.

• Advisers and senior underwriters are one and the same and will liaise efficiently with you or your client.
• Referrals – will carry out fact find and full advice.
• specialist structuring – will provide you with everything you need to give advice.
• Compliance taken care of behind the scenes to help you at each step.

Good commercial terms, a large panel, regular updates and a professional service for your clients should all be assumed as the norm.

For brokers who are nervous of second charges Promise has the people, process and 30 years expertise to help and guide you.

www.promisemoney.co.uk

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