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's intermediary partners will be able to access a real time, web-based case tracking system, which will enable them to review the progress of a client's case 24 hours a day, seven days a week. Because the system is available via the worldwide web, users are also able to access information from anywhere, at any time.
Partners can also input data and amend case records remotely, thus ensuring that NGM underwriters and processing staff are dealing with accurate case information.
Dashboard can be used to deliver up-to-date management information in relation to levels of pipeline business and commissions and fees due from NGM.
Looking to the future, NGM and the Dashboard software team are to work on a joint venture project that delivers a wide range of exclusive residential mortgage, secured loan and commercial finance products to NGM and networkone's wide base of introducer and appointed representative partners.
Known as Xpedite, the project is currently at an advanced stage of development and is scheduled to go live in early November. Several leading lenders have already confirmed strong support for the project.
Tony Yorke, NGM's director of marketing and business development, says: "We are delighted to be working with people that have calibre and real substance behind them. Dashboard is an excellent online tool for our ARs and wider intermediary partners and will make a huge difference to the way in which they manage information and work.
"Going forward, our joint venture with Dashboard Software and the Nereus Infotek management team has huge potential. It will give the specialist adviser what they are desperate for - highly competitive products that attract market-leading rates of interest and have a host of additional client-friendly features such as discount periods, cashback facilities, and payment holidays.
Yorke adds: "Our task is to create a distribution channel that is easy to manage and can handle large volumes of business. By marrying the cutting edge technology that Nereus Infotek is providing with our specialist lending knowledge, expertise and resource, I am confident we will quickly have a winning formula that benefits all interested parties."
David Aylmer, joint managing director and founder of Dashboard Software, says: "We are delighted to have teamed up with NGM. The NGM team has a strong presence in the UK mortgage market and we were one of several companies the NGM management team were speaking to. Dashboard was chosen because NGM recognised the huge benefit it will be to everyone associated with its business.
"The Xpedite project represents an exciting challenge. The difficult part of the job is done, as the thinking behind the venture is complete. It's now down to NGM and us to provide a volume-based online distribution channel that is capable of leading the market. I am confident
that this can be achieved."