NDL’s Appointed Representatives (ARs) enjoy numerous benefits including free share options, PI cover, compliance and dedicated business development support, and market leading mortgageLink software, all for a simple and transparent monthly fee.
Network Data Floats
Since January 2003, NDL’s ARs have had the unique benefit of earning free share options for each and every piece of Mortgage and Insurance business placed. The real value of the
1.5 million options so far allocated was realised in September 2006, when Network Data was admitted to the AIM market of the London Stock Exchange and became a quoted company. NDL is the first mortgage network to achieve this since the FSA began regulating the industry in October 2004.
Since flotation, share prices have steadily increased, and ARs will benefit from a tangible and transparent profit, should they choose to exercise their options.
Commenting on the flotation, Richard Griffiths, Network Data’s managing director, said: “An AIM listing gives us additional profile and credibility and will enable us to attract and retain high calibre staff.”
NDL intends to continue issuing share options to all its ARs, both existing and new.
Support and Additional Income Streams
NDL is committed to supporting its ARs by providing them with comprehensive training, support and additional income streams to help them grow their businesses and maximise their opportunities in-line with their objectives. NDL proactively asks ARs for feedback so that their proposition can be enhanced where necessary, and products and training can be tailored to meet their needs.
NDL’s support package includes:
• Dedicated Business Development Manager and Regional Compliance Officer
• Head Office Based Sales Executive
• Induction Course
• Free regional training events and workshops supported by top Providers
• Free Software Training Events
• Annual Conference
• Top Producer Incentive Scheme
Following feedback gained from intermediaries through regular questionnaires and events, NDL has recently introduced a range of new income opportunities for its ARs:
• Wills and Trusts Writing Services
• New Secured Loans Provider
• Bridging Loan Panel
• Home Information Packs
• Investments through Burns Anderson
• Supplementary Insurance through Towergate Riskline
Multi Functional Software
ARs are provided with mortgageLink software free of charge, which enables them to source products and produce fully compliant illustrations for the whole of the mortgage market and a comprehensive panel of Insurers.
Accurate information is vital for intermediaries and their clients, so Guaranteed Accountability is provided for all KFIs produced from mortgageLink. This means that if the software is inaccurate, you will not be accountable and you and your clients will be protected from any potential loss.
Third party software including the mortgage trading exchange (mte), The Exchange, Paymentshield’s Inertia and the Wessex Group’s Online Submission facility have all been integrated into mortgageLink, which means data can be pre-populated, saving you time and reducing keying errors.
mortgageLink produces fully compliant documentation and includes a Full Audit trail, which allows ARs to be monitored remotely, leaving them with more time to write business. ARs also benefit from the software’s comprehensive Client Management System, which can be used to set reminders, manage mailings, keep track of cases written and produce reports.
Comprehensive Package
NDL recognise that each business has different needs, and have developed their offering, to meet those needs:
• ‘Whole of Market’ coverage for mortgages
• Comprehensive panels for Household Insurance, Payment Protection, Term Assurance & Critical Illness Cover, and Pension Term Assurance
• Packaging service with On Site Underwriters for a range of Lenders
• Introducer Agreement with Towergate Riskline for a range of Personal and Commercial Insurance products
• Introducer agreement with Burns Anderson for Investment Business
• Free mortgageLink software
• Secured and Unsecured Loans Panels
• Website development and mortgage sourcing tools
• Dedicated Support Teams
• Value added services including discounts on lead generation, stationery, telecoms, foreign currency exchange and IT services
• Free Share Options
• Full compliance support including training and competence scheme
• Conveyancing Service - earn up to £200 per transaction
If you would like more information about Network Data’s proposition and how they can help you and your business, contact their Sales and Development Team on 01932 875875 for details of Roadshows taking place in your area throughout November and December.
