You are here: Home - News -

Exclusive Connections to launch mortgage union for intermediaries

by:
  • 17/11/2003
  • 0
Mortgage wholesaler Exclusive Connections will reveal a new network at Mortgage Expo, to act as a pr...

Mortgage wholesaler Exclusive Connections will reveal a new network at Mortgage Expo, to act as a principal for intermediaries wishing to become Appointed Representatives (AR).

The Mortgage Union will be a separate company, operating as a national brand supported by Exclusive”s network of regional offices. As well as a packager panel, the network will have a direct submission and general insurance panel.

Patrick Day, managing director of Exclusive Connections, explained: “We are a mortgage wholesaler supplying more than 40 packagers. They have their own customers and going into regulation wanted the ability to take on ARs. However, not all are big enough so we have created one company, of which they are part shareholders, as a network.”

The Mortgage Union will embark on a campaign to expand its AR intermediary numbers after it secures principal status. “We hope to be up and running for application and vetting by February. We are targeting between 300 and 400 ARs,” said Day.

He added: “We will be flexible on costs. Our members rely on packaging for their money and the Mortgage Union is just a means to an end, so we can drive margins down.”

Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Lenders

Universal Building Society Universal Building Society has announced the appointment of Kevin Basey ...

Close