Following a thorough review of the main sourcing systems, Trigold's Prospector was selected as the best to provide their IFAs with a seamless broker process system integrated with the full FSA Compliance archiving and Monitoring system; Compliance Shield.
To protect brokers against being overwhelmed by the new regulation, The Clarkson Hill Group will use the system developed by Trigold that is unique in linking mortgage sourcing and online compliance:
The new system integrates with Trigold's Compliance Shield software, and, in a departure from standard systems, it fully customises the reports it generates. This enables The Clarkson Hill Group to offer brokers a 'lighter touch' compliance regime whilst still giving them the robust protection they need.
It also means The Clarkson Hill Group to can undertake desk-based monitoring of the broker's work combined with periodic observation, thus reducing the overall cost of supervision and allowing the IFA to retain a high degree of
independence.
Bill Moncrieff, Director - The Clarkson Hill Group said; "Our strategy is to make mortgage business as simple to
transact as possible and, after looking at the providers in the market, there was really only one sensible choice. Trigold provides us with a bespoke, customised version of their Prospector software that helps us deliver a winning proposition to our IFAs. Additionally, the Compliance Shield system dates and time-stamps all required documents in the sales
process and automatically saves them in the Compliance Shield warehouse. By accessing this data remotely we can satisfy the FSA oversight and risk management requirements with no disruption to our IFAs business day."
Bill Safran, joint managing director, Trigold, says: "We have worked closely with The Clarkson Hill Group to
customise our system to their exact requirements. The Clarkson Hill Group knew exactly what they wanted in order to take as much effort out of the sales process as possible for their IFAs, and we were happy to work with them in delivering this. The software offers intelligent compliance prompts throughout the sales process and removes a significant compliance burden
from advisors as documents are captured automatically. The last things advisors need is yet another process to remember and this solves the problem."
"The Clarkson Hill Group didn't want a software provider
that hoped to be ready in time, they wanted a system here and now and ready to go. We launched our post-mortgage day software, Prospector AAA on the 30th July and it is already being rolled out to our users at no additional cost." said Mr Safran.
