The service, which is free to all Moneyfacts subscribers, includes easy access to an experienced panel of compliance experts. If a broker cannot find the answer to a question on the site or if they want advice, they can email the panel. The panel will then suggest practical solutions based on their considerable experience as regulators, compliance officers and compliance consultants.
In addition to this personalised, ‘catch-all’ feature, the eMoneyfacts Compliance Centre provides immediate help and assistance by:
- explaining which rules apply to the user and how to comply
- detailing the straightforward steps to take to comply
- explaining what the rules are trying to achieve
- supplying useful pro forma documents
- offering a Gap Analysis Tool to show right away where the broker needs to improve their knowledge. A unique test paper is provided every time from a bank of hundreds of up-to-date questions and is marked automatically to identify gaps in knowledge immediately.
- providing the Latest Mortgage Compliance News to keep the broker on top of the ever-changing nature of FSA regulation. The implications of the latest changes are summarised, with intelligent commentary helping the user to quickly understand what the changes mean to them.
Emma Butler, Web Editor at eMoneyfacts commented, “With so many challenges being thrown at mortgage brokers this year, we are pleased to be able to offer some practical and valuable help. The Mortgage Compliance Centre is a good example of the ‘above and beyond’ nature of what eMoneyfacts offers the broker community.”
