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Pay Commissions on time

Last week’s lead news item in Mortgage Strategy about angry appointed representatives of Network Data protesting outside the firm’s Botleys Mansion headquarters was a PR disaster for the company.

I’ve known Network Data Holdings’ chief executive Richard Griffiths for more than 10 years and have a lot of time for the man. He’s done a lot for the mortgage industry over the years.

But I choked on my cornflakes when I read that 11 ARs had descended on the premises to stage a protest. They are angry because they allege they are due unpaid monies.

For too long some networks have hidden behind a smokescreen of system updates and software problems as an excuse for not paying commissions on time. This is 2009, not 1989.

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