Shawbrook Bank has launched a new programme for its network of brokers today, designed to recognise those with the highest quality of applications and successful conversion rates.
Currently 18 brokers have been selected for the strategic partner programme, based on the high quality of their applications presented to Shawbrook.
Shawbrook says it has a set of criteria against which strategic partners are measured, including the level of conversion rates achieved on initial submissions and ultimate conversion to successful loan completion.
Strategic partners will receive exclusive process and marketing benefits as well as a higher commission structure to reflect the lower processing costs associated with completing the business they submit.
The announcement coincides with the release of 13 tailored loan products which each of the strategic partners will have access to ahead of Shawbrook’s wider network of broker partners.
The products cover a range of sectors, including: residential investment property, commercial investment property and trading businesses.
They are short term finance for acquisition, short term finance for light refurbishment, medium term finance for light refurbishment, residential investment loans, commercial investment loans and trading business loans.
Shawbrook Bank managing director of commercial lending Stephen Johnson says: “Brokers are a lynchpin in our business and we value their knowledge and market expertise.
“For our brokers and for Shawbrook, efficiency is key to completing deals and we launched the Strategic Partner programme to recognise and encourage the highest quality of business. We are excited to be able to reward the highest performers whilst remaining firmly committed to working with all of our broker partners.”