View more on these topics

GHL switches sourcing system

Global Home Loans has chosen Home Buyer Systems as its primary mortgage sourcing system, with Trigold and Mortgage Brain losing out.

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.”


BIBA supports FSA’s PPI plans

The British Insurance Brokers’ Association has lent its support to the Financial Services Authority’s announcement that its plans to strengthen sales practices in the Payment Protection Insurance market have entered a new phase.Eric Galbraith, chief executive of BIBA, says: “It is important that consumers realise that they don’t have to take out PPI from the […]

FTBs account for half of new mortgages

First-time buyers account for nearly half of all mortgages taken out in December, Mortgages Directs monthly research reveals.It attributes the upsurge in first-time buyer taking out mortgages, an increase of 11% from November to 48% in December, has been driven by increased income multiple lending and buyer confidence in financial security.Peter Gladdy, director of Mortgages […]

TFC revamps its website

TFC Homeloans has revamped its website. The website now features a products and services section and also has links to TFC Secured Loans and TFC Commercial.

AMI concerned by FSA mortgage advice findings

The Association of Mortgage Intermediaries says it’s concerned by the Financial Services Authority’s findings on the quality of intermediaries’ mortgage advice.While the FSA gave larger networks and brokerages a thumbs up, describing them as having “robust” processes in place, smaller firms were found to have work to do to improve their advice and record keeping […]


News and expert analysis straight to your inbox

Sign up