NMSL essentially offers a mortgage processing service to brokers, lenders and other financial institutions. It also provides an online decision-in-principle service, access to a strong panel of lenders and online case tracking.
Angus Macnaughton, the managing director of NMSL said: "As evidence of our commitment to a quality service we have applied to the FSA and have now received our Minded to Authorise letter. We were keen to make sure our systems and procedures were already fully in step with the direction the industry is heading. It therefore made complete sense for us to signpost this to partners.
"There has also been talk of a code of conduct to cover those areas falling outside regulation. Again we wanted to demonstrate, especially to our partners, that we are effectively one step ahead of this. Regulation is obviously going to feature highly in our industry over the next few years, and I believe it is useful to demonstrate that we are up to speed with all these requirements."
