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Genesis unveils initial plans for packagers and appointed reps

Genesis Home Loans has announced its initial propositions plans for packagers and appointed representatives beyond Mortgage Day.

The Peterborough-based branded lender and mortgage club says it will be offering a full appointed representative proposition with the combined benefits of a detailed compliance offer, supported by the latest technology and a comprehensive lender panel.

Benefits of its appointed representative scheme include full compliance support; choice of sourcing system – provided free of charge; local office support; a panel of over 50 lenders; mortgage placement facility; general insurance; white label website including business-to-consumer sourcing system, and lead generation.

Genesis will also be providing a solution for packagers and will shortly announce its support package for those becoming directly authorised.

Barry Robson, managing director of Genesis, says: ” The Genesis Approved Network is a proposition that offers those packagers prepared to embrace developing technology, change some working practices and adapt to a regulated environment a long and prosperous future.

“For appointed representatives it offers the chance to continue working with their preferred packager with whom they have probably had a good working relationship over a long period of time.”

Genesis will be formally launching these propositions at Mortgage Business Expo 2003. At the stand, brokers will be able to discuss the issues surrounding compliance with Genesis&#39 inhouse compliance department and have the chance to enter a competition to win a Red Letter Day.

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