View more on these topics

Mortgage 2000 announces final phase of roll out for Encore

In light of forthcoming regulation, Encore – which already features full MTE integration – has undertaken a three-phase roll out programme to ensure it will be fully compliant under the regulatory regime come October 31.

 

Encore has already made available an &#39Initial Disclosure Documents Wizard&#39 within Encore, rather than terms of business, which is mandatory under regulation.

 

Encore has also enabled the user to formulate a dummy KFI using Encore&#39s new feature &#39KFI Wizard&#39, giving the broker the opportunity to view questions and how the finished document should look.  In addition to this, the &#39Fact Find&#39 within Encore, has been revamped to give pinpoint accurate results.

 

Encore entered the final phase last week with the roll out of phase three, and with ongoing development up to and beyond M-Day, Encore will then provide the user with offline KFI capability with those lenders who are themselves ready and an upgraded Compliance Manager which keeps track of the prescribed sales process and records each move along the way,

unlike some software sourcing systems Compliance Manager is included free of charge with Encore.

 

Steve Butler, national sales manager at Encore, says: “Rather than simply delivering a completely new system all at once and at a time when the user has to cope with regulatory requirements, we decided to give our subscribers the opportunity to view and familiarise the documents prior to Mortgage Day. We are updating our system all the time and additional features are planned which will add value to our user&#39s businesses. These will be announced shortly.

 

“With the onset of regulatory processes, it is of paramount importance that our users are fully geared for this. Mortgage 2000 is at the forefront of technology and I see these stages as a way of giving confidence to our customers. Encore will be capable of what is required when regulation comes our way at the end of October. At that point, we will simply turn off the old MCCB requirements, and switch on our processes.”

 

Recommended

Social and legislative changes increase need for income protection schemes

High rates of absence from work, stress management, rising employment costs, changes in pension provision and legislation such as the Disability Discrimination Act and health and safety rules mean employers are faced with an ever increasing range of challenges concerning their workforces. Legal & General has produced a new guide for IFAs, group income protection […]

Exclusive Connections MD resigns

O&#39Hearne says: “Patrick has done a phenomenal job taking Exclusive Connections from 20 members and completions of £300m per annum to a nationwide organisation of 35 member packagers with completions exceeding £1.5bn. “Patrick has resigned for personal reasons, however, as a shareholder and board member, he will remain active within the Exclusive Connections organisation. Exclusive […]

Derbyshire offers investors added protection

The product provides added peace of mind for private landlords or anyone thinking of letting out their property to others. It offers cover choices for buildings only or buildings and contents, the latter providing cover for contents up to a value of £10,000. The policy, which compliments Derbyshire&#39s existing household and income protection insurance products, […]

SPF recruits agricultural lending specialist

His expertise includes the financing of estates, farms, food processors, equestrian centres, garden centres and rural diversification projects. Prior to joining, Ashbridge worked for four years at the Agribusiness unit of Clydesdale where he held a portfolio of rural clients in the South-East and his duties included targeting new customers and developing the business. He […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]