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Network Data signs up 500 ARs

The news delivers a blow to other mortgage networks still trying to break into three figures and sends out a strong message of support for Network Data&#39s proposition.

Richard Griffiths, managing director of Network Data, says: “We&#39re more than happy with the number of new ARs that we have signed up to our proposition and are more than confident that we will reach 1,000 members by the time M-Day rolls around.”

The announcement comes on the back of Network Data receiving its grant of permission under Part IV of the Financial Services and Markets Act 2000 late last week.

Griffiths adds: “We are pleased to have received our FSA number. This is just the start of our commitment to ensure we maintain our ongoing compliance with the FSA rules.”

And Alex Cotton, head of sales and marketing, says: “This confirms our commitment to those firms that have already signed up to us as appointed representatives. I hope that firms still considering which principal to join make a decision soon to ensure that they have time to be accepted.”


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 […]

Is there any need for another trade body?

The Chartered Insurance Institute this month launched the Society of Mortgage Professionals and is looking to invest £2m in it to help brokers become better qualified and increase their professionalism. Richard Fox, currently compliance director at the MCCB, is to be SMP&#39s chief executive from November 1, the date it will be up and running. […]

NGM and networkone form strategic alliance with Nereus Infotek

The relationship between the two companies enables NGM and its dedicated network arm for appointed representatives, networkone, to benefit immediately from the technology behind the Dashboard software system. With immediate effect, NGM&#39s intermediary partners will be able to access a real time, web-based case tracking system, which will enable them to review the progress of […]

MCCB announces post-Mortgage Day arrangements

The changes will take effect on Mortgage Day when the FSA will assume statutory responsibility for regulating the mortgage industry. The Mortgage Code will no longer apply from this date, and MCCB will cease its activities. MCCB has, however, put in place various arrangements to provide assistance to registered firms and consumers after this date. […]


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