The Professional Mortgage Network is urging mortgage advisers who are seriously considering becoming appointed representatives to thoroughly check out the credentials of a network prior to becoming a member.
In an attempt to help the intermediary community establish the strength and credibility of the many network propositions, PMN last week launched a Mortgage Network Healthcheck, which is an essential guide listing the 30 most important questions a prospective AR member must ask any network before joining as a member.
PMN managing director Dale Knigh, says: “Our focus as a business is to give good, pragmatic advice to mortgage professionals. If an individual or an organisation is seriously becoming an AR then it's important that they find the right home for them and their business. Our Mortgage Network Healthcheck guide will help them achieve this goal.
“We have analysed the questions that have been posed to PMN in recent weeks by our AR members. The 30 most commonly asked questions form an excellent template for the wider intermediary community – and if only one mortgage adviser benefits as a result of this exercise, then it will be a job well done as far as PMN is concerned.”
Knight adds: “The network landscape is a very confusing place at the present time. We believe that our guide will help professional mortgage advisers to gain key primary information on a potential network partner that will assist them in the decision-making process.
“You cannot underestimate how important it is for an AR to join the right network. If our guide only assists one adviser to find the right home for them and their business then it will definitely be a job well done on our part.”