The check will take the form of a three hour visit by representatives of the Mortgage Times Group’s compliance department and offer immediate feedback and a wide-ranging critique of a firm’s training and competency (T&C) procedures.
The visit also aims to establish if key compliance requirements and effective one-to-ones with relevant supervisors are in place, and will help identify the issues that many directly authorised firms may require more support and guidance with.
The Group is one of only three companies out of 107 regulated entities that currently offers compliance support as part of its proposition, and aims to offer visiting intermediaries the opportunity to see if their compliance procedures are up to scratch.
Payam Azadi, head of marketing at The Mortgage Times Group, commented: “This Compliance Health Check venture aims to show visiting intermediaries the many benefits of compliance support. Most of our broker force is directly authorised and we aim to show how adopting the correct regulatory stance can become ingrained into a firm’s culture.
"We feel word of this service needs to reach new brokers who maybe are unaware of the huge benefits that having proper compliance procedures in place can offer. These huge advantages cannot be overlooked and we aim to show visitors to our forums just how simple we can make the process for them.”
