Hamptons Mortgages held its annual awards dinner at Vinopolis in London last week.
Some 230 people representing the great and the good of the industry were in attendance with 16 awards handed out on the night.
Jonathan Cornell, technical director at Hamptons Mortgages, says: “We were delighted to be able to recognise and reward excellence in the industry. It’s wonderful to be able to say thank you to our staff, lenders and business partners.
“We were also very pleased that so many guests attended and no doubt there were a lot of sore heads the next day.”
The 13 members of the Alliance of Mortgage Packager Distributors are looking to invest in an online mortgage hub to launch in early 2007.
AMPD collectively completed business worth £3.3bn in 2006 and it says its already on track to complete around £5bn for 2007.
But to keep its competitive edge, it says investment in technology is essential. While all its members have separate computerised back office systems, AMPD is looking for a common hub through which to electronically funnel all its members’ business, allowing them to source products and transmit applications direct to lenders. This will allow it to quantify how much as a group it is completing and also create cost savings for lenders and brokers.
Eddie Smith, operations director at the AMPD, says: “With the systems we have been looking at you can integrate each members’ separate back office system into a common hub. This is the last bit of the jigsaw for our members.”
As well as being a quick and convenient process for its members and ultimately its broker customers, the AMPD says there are cost savings to going 100% electronic and completely doing away with paper applications.
Smith adds: “We’re doing this to secure our future as a distributor. The drive of technology is unstoppable. I know we will be able to secure great deals with our lender partners as a result of the changes we are planning.”
Jeff Knight, sales and marketing director at GMAC-RFC, says: “Anything that makes life easier for people is great news.”