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eMoneyfacts launches compliance centre for brokers

IFA web portal eMoneyfacts has launched a compliance centre offering help and advice for mortgage brokers preparing for FSA mortgage regulation.

The service, which is free to all Moneyfacts subscribers, includes easy access to an experienced panel of compliance experts. If a broker cannot find the answer to a question on the site or if they want advice, they can email the panel. It says the panel will then suggest practical solutions based on their experience as regulators, compliance officers and compliance consultants.

The eMoneyfacts compliance centre says it provides immediate help and assistance by: explaining which rules apply to the user and how to comply, detailing the straightforward steps to take to comply, explaining what the rules are trying to achieve and supplying useful pro forma documents.The service also offers a Gap Analysis Tool to show where the broker needs to improve their knowledge. A test paper is provided every time from a bank of hundreds of up-to-date questions and is marked automatically to identify gaps in knowledge immediately.

Emma Butler, web editor at eMoneyfacts, says: “With so many challenges being thrown at mortgage brokers this year, we are pleased to be able to offer some practical and valuable help. The mortgage compliance centre is a good example of the &#39above and beyond&#39 nature of what eMoneyfacts offers the broker community.”

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