Eighty two percent of brokers surveyed said that well designed and reliable technology was the second most important consideration when choosing a Principal. Brokers also said that they intend to test the IT systems of short-listed Principals before making a commitment.
Mortgage Intelligence revealed the survey findings at the same time as announcing the launch of phase 2 of the development of its state of the art ‘Fusion’ IT system in preparation for FSA regulation, at a cost of £1.3 million.
The Fusion system supports the complete sales process including lead management, fact find, recommendations, illustrations, applications, and electronic submission. The system also offers full compliance support and contact management functions.
Phase 2 will enhance the system to provide all documentation and sales procedures required for impending FSA regulation with a complete audit trail. It will also provide extremely powerful on-line case checking facilities for Mortgage Intelligences compliance auditors and training & competence supervisors. This will enable them to concentrate on key issues when they do their visits to members and also provide additional evidence of a strong compliance regime for FSA inspection visits.
Mortgage Intelligence is currently offering potential AR’s a trial of its new fully integrated mortgage and insurance sales process software system which been launched to support their two new mortgage networks, Spirit and Vantage.
Sally Laker, Managing Director of Mortgage Intelligence commented, “We believe that Fusion is a winner, designed and built by mortgage specialists for mortgage specialists. It is the most functional and easy to use IT system in the marketplace today and is a significant element in our attractive package on offer to brokers wishing to join our new networks. The survey findings have endorsed our decision to commit a great deal of time and effort into the development of out IT solution.”
Brokers wishing to find out more about Fusion and Mortgage Intelligence’s range of regulatory solutions should call 0845 1304602.
