Optoma to seek principal status

Optoma InterPartners has announced its intention to become a principal status firm.

Andrew Seymour, chairman of Optoma InterPartners, says: “We will provide our appointed representatives with the freedom and flexibility to allow them to develop their business, not inhibit it.”

Optoma InterPartners says it will provide its appointed representatives with a business structure providing seamless transition from MCCB regulated business to FSA regulation. It adds that its compliance processes have been designed to be as practical as possible for the intermediary, with compliance fees based on a per application fee with levels calculated on volume and type of mortgage product sold.

The network&#39s says its intention is to provide transparent costs that are easy to manage, while earning opportunities will be increased through enhanced procuration fees and access to a range of insurance and life products.

Matthew Bright, managing director at Optoma, says: “Our objective is to help maximise value of every sale for the appointed representative and look at the lifetime value of the client through sophisticated software, not just the mortgage transaction.”

Full costs and membership packs will be available from the Optoma InterPartners stand at this year&#39s Mortgage Business Expo on November 18 and 19.