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Preferred become 10th ENC lender

Preferred were announced today as the 10th to join the ranks of lenders supporting the Enhanced Non Conforming sourcing module on Trigold.

Preferred joins other sub-prime providers who account for over 80% of the market in supporting this development that goes to all Trigold users who account for over 60% of the market.

All of the detailed underwriting criteria of Preferreds product portfolio are now incorporated in the dynamic sourcing engine.

ENC is the cornerstone of a complete sub-prime solution on Trigold that includes enhanced Fact Find, Data Verification, KFIs and Electronic Applications. This solution ensures that the broker can search, sort, select and apply for non-conforming mortgages with complete confidence.

John Webster, managing director at Preferred, says: “For a number of years, we have been calling for the major mortgage sourcing systems to provide a viable solution for intermediaries to be able to accurately source non-conforming products.

“Since M-Day we have seen intermediaries increase their reliance on sourcing systems and, at our recent Quality Circle feedback sessions, a large majority named Trigold as their main system. Therefore, the decision to be included on ENC was a simple one for us to take and we look forward to working with Trigold to develop this further.”

Bill Safran, CEO of Trigold, says: “Non Conforming sourcing has been shrouded in darkness for too long and it is through the efforts of lenders such as Preferred that accurate, precise results are now available. Advisors who may not have extensive experience in the non-conforming sector can, with ENC, source with complete confidence.

“Client details captured as a part of a comprehensive Fact Find are now being intelligently used as the basis of sourcing to their full potential which is a significant step forward. Our 24,000 users will be thrilled that Preferred, a firm favourite of theirs, has become an ENC lender.”


Intermediaries heed diversification message

Charterhouse Research, the specialist financial market research consultancy, today reveals that the outlook for mortgage-related general insurance sales looks positive. Mortgage Intermediaries The Regulated Environment has been tracking the intermediary market in the face of regulatory changes via 100 interviews per month with intermediaries. House insurance and protection are natural partners to a mortgage and […]

Mortgage Next launches passport scheme

Mortgage Next, the mortgage distributors, is enhancing its mortgage club proposition for directly authorised brokers with the launch of its Passport scheme on October 1 2005.Passport offers brokers a package of benefits, which not only includes access to market leading and exclusive mortgage and insurance products, but also AirMiles and free Mortgage Brain and Trigold […]

Nags Rahman quits Mortgage Times

One of the founding directors of The Mortgage Times Group, Nags Rahman, is leaving the Group to pursue his own personal business interests. Rahman has handed over all his responsibilities to the remaining three directors.The Group has also announced the appointment of Kevin Morris as head of compliance. Morris joins from NHFA, part of the […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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