View more on these topics

Online inputting systems are offputting for intermediaries

From Alan Sargent

A brief message of support for Bob Adams (Mortgage Strategy Letters to the Editor November 3).

Bob, you are not alone. High blood pressure, grey hairs and smashed equipment are par for the course these days. Providers trumpet their online systems from the hills but I doubt that any have dared to sit down with an end user to get some realistic input on their useless offerings.

An increase in proc fees/commissions is insulting when what we really need is a way of inputting business without reinventing the wheel each time.

One of the questions I ask that draws blank stares every time is – why can&#39t providers get together and offer a single input source using a common application form set out in conformity with the input screen and with the same questions?

If we intermediaries introduce something like 60% of all provider business, are we not entitled to some say in the way we provide it?

I don&#39t object to getting paid extra for doing the work that providers ordinarily would do but even they don&#39t subject their staff to the working stresses we have to put up with.

I reckon there is a case here for the Health and Safety people.

Alan Sargent

Knightsbridge Financial Solutions

Gidea Park




Trigold shrugs Off poor results

Ifonline Group, owner of mortgage sourcing system Trigold, has rebuffed industry criticism of the low profits and continued losses revealed in its 2002 results. The company made just £685,000 over the year against a loss of £5m. Auditor Moore Stephens reveals that the company was reliant on “additional funds” provided by principal shareholders to bring […]

Long-term fixes need competitive pricing, says MarketPlace

Penalty-free, long-term fixed rate mortgages will need to be priced more competitively if they are to become an attractive proposition, warns The MarketPlace at Bradford and Bingley. Responding to plans announced this week that 25 to 30-year US-style fixed rate deals could soon be available to European borrowers without any redemption charges, David Bitner, head […]

igroup appoints director of originations

igroup has appointment of Noreen Whyte as director of originations. As part of her role she will have responsibility for the front-end processing of all new business received from igroup&#39s expanding network of introducers. As director of originations, Whyte joins igroup&#39s senior management team and reports to Peter Brennan, chief operating officer. Whyte has been […]

Lifeboat launches mortgage firm

The Lifeboat Financial Group is to launch Lifeboat Mortgage Solutions through a series of five roadshows across the country. Lifeboat Mortgage Solutions will offer advisers and agents who are part of LFG bespoke mortgage sourcing software and transaction technology. There is also a website which will give further services including a comprehensive choice of general […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


News and expert analysis straight to your inbox

Sign up