Home Buyer System launches stand alone compliance system
Share
Home Buyer Systems has launched a new stand-alone sales and compliance system for mortgage brokers selling protection and GI products.
Developed in conjunction with New Leaf the launch of Home Buyer Systems’ protection and GI module for brokers coincides with the FSA’s declared intention to review the sales standards of pure protection products by mortgage intermediaries.
The new Home Buyer protection and GI sales system is available to all mortgage brokers, irrespective of whether they subscribe to the Home Buyer sourcing system or use an independent sourcing system.
Richard Angliss, managing director of Home Buyer Systems, says “We have conducted research showing that on average brokers’ mortgage business levels have reduced by 70 per cent from the peak before the credit crunch.
“Broker businesses that are still doing well have turned their attention to selling protection and GI products and, in some cases, this business is up by as much as 300%.
“Brokers can achieve substantially increased income from protection and GI sales, and should be aiming for a customer conversion rate of 80 to 90% rather than the single figure success rates that are currently more common.”
