Home Buyer Systems’ technology, which will service GHL’s 200 appointed representatives, will replace the group’s Trigold system.
Frank Thurlby, compliance director of GHL, says: “When you are looking at a system it’s nice to know that it’s up and running and does what it says on the tin.”
Thurlby says neither Trigold nor Mortgage Brain, two of the leading providers of mortgage sourcing technology, met GHL’s requirements. He says these requirements include extensive back-end reporting on compliance and an early warning system when it comes to higher risk mortgages.
Home Buyer Systems’ technology will be rolled out this year and is designed to comply with Financial Services Authority standards, in particular Treating Customers Fairly. It also includes centralised compliance monitoring, integrated trading, product sourcing and record-keeping facilities,
Thurlby adds: “We have not had a single AR say they don’t want to move onto the system.”
Richard Angliss, managing director of Home Buyer Systems, says: “Our business philosophy is to adapt to demands in the market as well as responding to suggestions from our clients.”
Bill Safran, chief executive of Trigold, says he doesn’t know the details of the GHL account but adds: “We value every one of our accounts and now have some 24,000 customers benefiting from using the Trigold system.”