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Launch DB Countdown

Our first completion makes us an official lender, a test on securitisation proves to be a challenge, talk of Rooney’s foot dominates a conference session and thoughts turn to GI, says Bill Dudgeon

MondayA relaxing bank holiday.

TuesdayOur first completion means DB Mortgages is now officially a lender.Many thanks to broker George FrostandPinnacle in Southend who take all the accolades – first decision in principle, first application and now first completion.Underwriter Carolyn James is pleased as she correctly predicted the date and walks away with a bottle of bubbly and a grin. Our sales team doubles today from three to six with the arrival of Neil Loader, Jim Wylie and Gary Armstrong.I can’t wait to see Neil’s face when I tell him he has to submit his expenses via Blackberry – should save me a fortune.

WednesdayThe guys from DB in London arrive to give us an overview of securitisation which seems to make perfect sense until they run a test at the end of the session – must start getting up earlier.Gini Riley from our marketing team reports back on the first two Mortgage Brain roadshows in Cardiff and Southampton.There has been a good turnout with positive feedback so we’re pleased to be involved.

ThursdayI’m off to London to participate in the Mortgage Servicing Conference.I join the great and the good on a panel of experts.But it is the graveyard shift at 4pm and inevitably a few people disappear early to catch their trains home. The panel doesn’t take it personally. We talk about key issues such as the World Cup and Wayne Rooney’s foot.And no,I didn’t get tickets through Deutsche Bank.

FridayFriday must be general insurance day.Matthew Russell and I meet providers to explore how we might work together.Mark is in Majorca and lets us all know it’s nice and warm there. I realise it’s June and I’ve not yet booked a summer holiday. We have a lot left to do – although we’ve completed our first loan we’re not halfway to being where we need to be. But progress is great and the people are outstanding so I’m optimistic.However, we missed a trick andshould have recruited a general insurance manager.


John Charcol chooses eMoneyfacts

National broker John Charcol has chosen eMoneyfacts as its mortgage sourcing system. The decision was made on the basis of the reliability and accuracy of Moneyfacts data as well as the competitive pricing of the eMoneyfacts product.Ray Boulger, senior technical manager at John Charcol, says: I have used Moneyfacts Datascreen for several years and although […]

TMP ladies race for life

An all female team from The Mortgage Partnership, the north west based mortgage packager, took part in the Tesco Race for Life at Birkenhead Park last Sunday.The TMP team took part in the 5K run last Sunday in aid of Cancer Research. In total 5,000 women ran or walked the Wirral event and together the […]

FSA appoints chairman of Smaller Business Practitioner Panel

The Financial Services Authority has appointed Mark Rothery as chairman of the Smaller Businesses Practitioner Panel. He succeeds Ruthven Gemmell who, having served a two year term as chairman – stands down and assumes the role of deputy chairman for one year. Rothery is chief executive of the Ancient Order of Foresters Friendly Society. The […]

Free advice service for pensioners proposed

Financial advisers could be commissioned by the government to offer free financial advice to asset rich, cash poor pensioners following a report from a think tank. The Institute for Public Policy Research says the Pension White Paper failed to address the issue of whether pensioners should be given help when deciding whether to sell their […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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