Solent was selected by Openwork following a formal competitive tendering exercise, and chosen as a result of the significant investment it has committed to enhance the proposition and grow its business.
Its enhanced proposition will include a new website for advisers and a new single application form across all panel lenders. Solent has upgraded its sourcing capability to help advisers with complex specialist cases and increased resources in both sales development and operations.
Paul Shearman, Openwork’s mortgage and protection proposition director, said: “The team at SMS has really stepped up to the mark and, along with the support of its parent company Hoyl Group, has committed to significant investment in the business to ensure that its proposition is market leading for Openwork and the broader intermediary market”.
Ian Balfour, Solent’s chief executive, added: “We already deal with a large number of Openwork firms and are looking forward to welcoming more firms to ‘The Mortgage Village’. The investment we have made in our systems and support will see a growing range of new initiatives and services coming online in the coming months, which we believe will make our proposition the best in the market.”