View more on these topics

Avelo teams up with First Complete

Avelo has been selected by mortgage and insurance network First Complete to provide its new end-to-end distribution solution.

This will deliver a fully scalable system to work across all elements of the businesses within the network including key appointed representatives such as Your Move and Reeds Rains.

As part of the deal, over 700 intermediaries will have access to Avelo’s full range of mortgage and insurance point of sale technology, including Prospector, Momentum and Avelo Exchange.

At the head office, Avelo’s Officeweb product will consolidate management information and fees and commission processing.

The deal with First Complete is the first to be completed since Avelo’s recent acquisition of TrigoldCrystal.

Simon Badley, commercial director of Avelo, says: “Our agreement with First Complete shows there is a desire for fully integrated front and back office solutions and highlights the strength and compatibility of Avelo’s range of solutions. One of the key drivers for the recent acquisition of TrigoldCrystal was to extend the reach of products and services delivered direct to the adviser or broker, enabling efficient connectivity to the broadest range of lenders and financial services product providers.”

The initial implementation is expected to be completed later this year.

Recommended

1

MS Leader: Brokers could be hit – again

Chancellor George Osborne’s announcement last week that the Treasury rather than the Financial Services Authority could pocket the monies generated from the fining of financial firms could be yet another blow to mortgage brokers.

Net mortgage lending falls to -£73m in May

Net mortgage lending fell to -£73m in May as mortgage repayments outstripped gross mortgage lending, according to the British Bankers’ Authority’s latest figures.

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.