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Mortgage distributors extend product reach

by: Mortgage Solutions
  • 24/01/2011
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Mortgage distributors extend product reach
Brilliant Solutions, a trading name of Exclusive Connections, the financial services distributor, has signed a deal with Cavere Insurance to source protection products for its introducers.

Brilliant said this is a chance for introducers to take the fight to the comparison websites.

Matthew Arena, managing director of Brilliant Solutions, said: “They [brokers] can go straight to Cavere’s Magenta insurance platform online which will lead them through an intuitive process to provide tailor made quotes and enable them to be put clients on risk as well as generate all the regulatory documentation and full policy schedules.”

This is one way for brokers to increase their penetration in the insurance market, with more clients receiving appropriate cover along with greater income opportunities for introducers, he said.

Meanwhile, The Mortgage Alliance has added specialist distributor Manor Mortgages to its panel. TMA said the panel of non-standard lenders will offer a flexible underwriting approach and accommodate a range of individual requirements.

Phil Whitehouse, head of TMA, said: “Packagers have had a tough time in recent years but there is no doubt that there is still a place in the market for those offering a closer, more personal service and the ability to provide an array of suitable product solutions for brokers. I am delighted to appoint Manor to TMA’s panel so that our members should be able to access a suitable solution for even the trickiest of mortgage cases”

Cammy Amaira, national sales director at Manor Mortgages, added: “This appointment highlights that in this very difficult market there is a demand for specialist companies like Manor to assist the broker market by using our underwriting contacts within specialist lenders to place “tricky” cases.”

 

 

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