The system has been designed around the changing marketplace for today’s mortgage brokers, who now derive a significant amount of their income from protection and GI sales. Many of the systems currently available have not yet recognised this shift in broker business streams according to Homeloan Partnership Network.
The new system includes front and back office functionality designed to help adviser firms manage their businesses by tracking their case progress, processing fees and commissions and providing new marketing tools to generate business, all whilst maintaining high standards of compliance.
Chris Tanner, managing director at Homeloan Partnership Network, said: “We looked in great detail at the other offerings available in the market and chose MortgageStream because of their flexible approach in developing a bespoke system for us. They’ve done a good job working with our internal IT team to integrate the software into our back-office compliance monitoring and commission systems.”
Paul Holden, sales director at MortgageStream, said: “We’re thrilled that MortgageStream has been chosen by HLP at the end of a thorough vetting process, beating off stiff competition from other well known providers. We’ve spent many months creating the new system for them and are really excited to be implementing it for their members.”
