Mortgage Support Network has confirmed it is not one of the four networks recently forced by the Financial Services Authority to stop recruiting appointed representatives until they get their systems in order.
MSN says it continues to actively recruit new ARs and is hoping to add a further 100 firms to its network over the next 12 months.
Jason Graham, managing director at MSN, says: We feel it necessary in light of the continued speculation over who the four networks actually are to ensure both our existing members and new ARs looking to join us that we were not one of the four.
In fact quite the opposite. During a recent thematic visit by the FSA on controls of ARs the FSA confirmed: We found your recruitment process very thorough and your firms understanding of requirements, prior to approving the application for a new AR, to be strong.
Our doors are still very much open to those ARs looking to join a quality network.