The 2005 Mortgage Lender Intermediary Technology Benchmark Study, carried out by Frank Eve Consulting, is now complete.The study is the largest and most detailed of its type in the industry. It offers lenders information on how to improve efficiency, increase site usage and boost their understanding of competitive positioning and market share. The study benchmarks 24 lender intermediary websites and provides an assessment of best practice in intermediary distribution technology. In the questionnaire lenders completed, website functionality was broken down into primary areas of intermediary business transaction capability, and questions were designed to identify features within these areas. Top marks were awarded to sites that had the most features and functionality. Mortgage Strategy has used the findings to make its prestigious Gold Standard awards for service technology excellence. This year it has awarded its Gold Standard to 17 mortgage lenders and these awards will be presented at the Mortgage Business Expo on November 16 at Olympia in London.
2005 has seen em-group host a number of round table events for their nationwide broker community in venues across the country.The many brokers who attended the events at locations including Newcastle upon Tyne and Bristol were given the chance to find out more information on the unrivalled services of the em- sub-brands including, em-homeloans, em-international, […]
The chairman of software firm Misys has stepped down from his position to become chief executive, bowing to the pressure of investors.Kevin Lomax, who founded the company, also agreed to consider selling non-core parts of the business.Financial services firm Sesame, which is owned by the firm, is already being billed as one of the first […]
Norwich Union is to become a partner in a project to create a National Financial Services Academy as part of its plan to support local education. There will initially be three centres with one in Norwich, where the insurance giant employs about 10% of the student body. NU hopes the Norwich centre will boost the […]
A survey has reveal a widespread lack of knowledge amongst estate agents about the governments Homebuy scheme, designed to get first-time buyers onto the property ladder by purchasing a home on the open market in certain areas for 75% of the asking price.While many of the estate agents questioned were aware of shared ownership, over […]
James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist
The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading
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