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Firms told to prioritise technology

A case management firm is encouraging brokers, packagers and lenders to put technology at the heart of their businesses.

CasePRO says that many mortgage brokers still rely on mismatched or outdated spreadsheets and some form of manual record keeping.

The case management company says that by updating their systems brokers and other financial services firms can save money and make their businesses more efficient.

Chris Waite, managing director of CasePRO, says: “The cost of compliance alone in terms of time and effort makes it imperative that every business, whether mortgage or investment-based, should be looking to automate its administrative processes.

“The time when manual file keeping was sufficient is past. The demand on businesses to free up time for new business acquisition as well as ensuring that service levels are maintained and records are instantly available for compliance scrutiny means that all businesses should be investing in a technology answer.”


Bad news for packagers as GEMHL increases rates

GE Money Home Lending has increased its rates across its First National and igroup brands blaming exceptional volatility in global financial markets.All cases below 80% LTV on its First National brand will now incur a completion fee of 2995, with rates increased by 0.80% across the board.Rates for cases above 80% LTV will be increased […]

Moodys downgrades B&B

Bradford & Bingley has been downgraded by Moody’s Investors Services in the face of weak capital and a dependence on funding from the Bank of England.The ratings agency says the outlook across all ratings is negative, delivering a blow to investor confidence in B&B assets.Moody’s says its assessment of expected losses indicate the buy-to-let lender […]

S&P frets over HBOS

Standard & Poor’s has lowered its ratings for HBOS as the UK lending giant’s share price tumbles to lows of 139p per share.

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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