The new offering includes:
- 3 month FREE trial
- Reduced monthly subscription of £10 inclusive of VAT
Webline offers a range of web-based quotation and fulfilment services for protection, PMI, investments, pensions, annuities and traded endowments. Quotes and personalised illustrations are stored in its database for users’ future reference – and online application submissions let users complete and track their business easily through a single “window”.
Webline is the first provider of online comparative quotations and e-submissions to Origo standard. Webline is fully integrated with the Encore sourcing system, which m2i members receive for free, thereby eliminating the need for inputting customer details more than once and enabling the intermediary to do business more efficiently. Webline communicate online, directly with the participating insurers, who generate quotes using their normal IT systems – so the premiums quoted always reflect the latest rates.
Steve Butler, head of m2i, said “Following the recent integration between our sourcing system Encore and Webline, the extended free trial period and special discounted terms for our m2i members seemed a natural progression. It allows members to search the mortgage market and then quote, apply and case track through Webline for any non-investment insurance products from some of the leading providers in the insurance world. We shall continue to work with existing and new commercial partners to add value to our m2i members in the running of their businesses.”
With membership fees from £199 per month, m2i is also the only independent mortgage and non-investment support service to offer this Webline savings offer. m2i is designed to meet the needs of brokers that choose to be directly authorised by the FSA and offers a package including full compliance support, the Encore sourcing system incorporating the MTE, lender partnerships, Soft Packaging system, free leads and a white labelled website.
Key features of m2i include:
- A full compliance framework and regulatory support
Intermediaries will have access to the compliance support and advice of the team, headed by compliance director, David Payne, former operations director of the Mortgage Code Compliance Board (MCCB). Benefits include routine compliance checks and visits, helping with the Approved Persons Regime, plus ongoing training and competence.
- Technology
m2i utilises the Mortgage 2000 “Encore” sourcing system, which incorporates the Mortgage Trading Exchange (MTE), as well as “Adviser Office” from 1st. The two systems have been combined to provide a complete client database management system, a compliant sales process, audit trails, and pre-population of data, which means information is keyed only once. Both systems are provided within the membership package.
- Lender partnerships
While directly authorised firms automatically have freedom of choice within the market, m2i members will also be able to utilise the m2-mortgage club, one of the largest lender panels in the country with over 50 lenders, providing exclusive products, enhanced procuration fees, and electronic trading facilities. In addition 20 lenders are accessible through Mortgage 2000 Design and Processing (m2-d&p), one of the top packagers within the country, and applications can be submitted electronically from the “Encore System”.
- Soft Packaging
This recently launched state of the art technology is exclusively available to m2i members. This online system guides you through lender specific criteria, enabling intermediaries to ‘process’ client cases up to offer stage and on average will produce additional revenue in excess of £250 per case, for intermediaries who use the system.
- White labelled website
Each m2i firm can receive a white labelled version of the UK’s top personal finance website, moneysupermarket.com, which has over 20 finance channels including secured and unsecured loans, credit cards, various forms of insurance, and even utilities. The members’ version of the site will be fully branded with individual company logo’s and contact details, and commission will be paid on transactions placed through the site.
- Free mortgage and term assurance leads
m2i members will also be entitled to receive free leads from the Professional Adviser Alliance. These leads are generated from the leading internet sites in the UK and research has shown that over a 2-3 month period, 44% of the leads result in an application.
- Other benefits
Also included within the m2i package, is access to a range of general insurance partners, marketing and promotional support, ongoing training facilities, a loans panel, conveyancing, life insurance providers, and commercial loans
The m2i membership fee is dependent on the number of advisers within a firm, but starts at £199 per month.
