Royal London has chosen Mortgage 2000 as its mortgage sourcing partner, as the company upgrades its mortgage service.
The Royal London deal includes an electronic mortgage sourcing system, an electronic illustration service and full electronic trading system which will deal exclusively with Mortgage 2000's panel of 35 mortgage lenders.
To complete its mortgage offering, Royal London has recruited twenty mortgage advisers who have been FPC3 and MAQ trained. The mortgage advisers are based throughout the country.
Anticipating strong demand for the mortgage service, Royal London is actively looking at further recruitment, meaning that all the company's 3.5 million customers could benefit from the new mortgage service.
Mortgage 2000 has produced a specially tailored mortgage sourcing system for Royal London's advisers to use with their clients. The panel of 35 lenders offers a comprehensive range of mortgage products and exclusive Mortgage 2000 deals.
Gordon Docherty, mortgage development manager at Royal London, says: “We are dedicated to offering our customers a comprehensive and competitive service. After reviewing the entire range of mortgage sourcing systems on the market, we decided to go with the Mortgage 2000 system as it was the most compatible with our needs. The system is excellent and its ability to deal electronically with such a strong range of mortgage providers means that its panel lenders offer the best value to our customers.”
Sean Hornsby, sales and marketing director, Mortgage 2000, says: “Mortgage 2000 is delighted that Royal London has chosen us to provide its tailored mortgage sourcing system and help it build its mortgage business. This is an important area of growth for us. We believe that easy electronic dealing and a strong panel of lenders, is a compelling combination for both companies and their customers.”