Tony Corrigan, managing director at Classic, said: “We have chosen to move across to Trigold because it integrates well with our own back office broker support software. As we continue recruiting in the appointed representative (AR) market, we recognise brokers are looking for an established, reliable mortgage sourcing system to support their business and Trigold meets this requirement.”
Corrigan also confirmed Classic was not one of the four networks that had agreed to stop recruiting AR firms. He said: “AR recruitment within the network is on track with our business plan and we are continuing with our monthly induction courses. Classic has always had an excellent relationship with the Financial Services Authority (FSA) and we chose from the beginning of the formation of the network to take a proactive stance with compliance. That decision has been vindicated on a number of occasions. You cannot run a compliant business that treats both customers and brokers fairly unless you have strong controls and procedures in place. Fortunately for the industry, those networks that chose to cut corners are now being found out.”
Trigold’s CEO, Bill Safran, welcomed the move. He said: “Classic Network Solutions did extensive research of the market to find the best sourcing system for their advisers. We are very pleased it chose Trigold because of our combined functionality and ease of use.”
Jonathan Cornell, technical director at Hamptons International Mortgages, said the move was very shrewd. He said: “As networks struggle to win more ARs in an increasingly competitive market, they are looking to improve their propositions. Trigold is an established sourcing system that many ARs have used with other companies. Sourcing systems that can be integrated with back office systems are a lot more attractive.”
