Introducer Presentation Pack

Transcription

1 Introducer Presentation Pack

2 Contents Introduction to Pure Money Welcome to the Management Team Application Process Flow Underwriting Criteria Proposal Decision Form Status Report New Business Reporting Commission and Payment Proposal Application Form

3 Introduction to Pure Money Mission Statement Mission Statement: Pure Money believes that it s future is in the hands of its clients and staff. We work to the principles that every individual within the business plays a vital part in building the company's reputation and that as a business we will always deliver what we promise. By treating our customers in the same manner that we would like to be treated ourselves, we will gain a strong nationwide base of clients, developing the Pure Money brand into a household name. Company Values: Pure Money will: Have an open and honest relationship with everyone we deal with. Provide a service which is efficient and represents value for money. Be willing to acknowledge our mistakes and do everything possible to rectify them as quickly as possible. Embrace change, be innovative and never fear failure. Have a positive working environment based on mutual respect and a supportive team spirit. We will recognise and reward success, and provide security through prosperity. Provide a challenging and rewarding place to work, in which everyone takes pride in their own and the company s achievements.

4 Can your clients ever ask too much of you? Are you one of the many IFA s, Mortgage Brokers, Life & G.I Brokers, Estate Agents, Accountants, Solicitors, Commercial Brokers and Property Developers that are letting a very viable additional income stream pass you by because your time is taken up by focusing on your core product? If you are, why not partner with Pure Money and monetise your client s Loan enquiries into a solid second income stream whilst offering your clients a friendly, professional streamlined service? As one of the fastest growing financial master brokers in the UK we have many nationwide introducer partners who benefit from our top quality service. With one of the highest lead conversion rates around you can be sure that we will find the best deal to suit your client's loan requirements from a whole of market panel of lenders on both a commercial & residential basis.

5 As an Introducer Partner: Client ownership is yours throughout the life cycle - Repeat business from the client, even if it is 5 years down the line, generates you even more commission We take all the compliance complications and liability away from you You simply pass us a name and telephone number along with the nature of the enquiry as a minimum and we will do the rest. If you want to take the application we can provide you with joint-branded application forms. You have complete transparency off all of the cases you pass us with your online 24/7 case tracking facility No cross-selling of your core product

6 How your clients will benefit: Free expert advice from specialists Free Quotes from our Whole of Market Panel of Partners Free Mortgage Illustrations Decision In Principle from the lender in minutes Highly competitive rates Fantastic customer service levels Access to lenders not available to the general public One dedicated point of contact for you, handling the application through to completion All done on the phone or by with no home visit necessary

7 Our Partners include: Home Improvement Companies Direct Marketing Companies Independent Financial Advisors Car Dealerships General & Life Insurance Intermediaries Debt Management Companies and Insolvency Practitioners Mortgage Intermediaries

8 Welcome to the Management Team Contact Details: Peter Press Director (IT & Infrastructure) Iain Murtha Director (Sales & Marketing) Trevor Leyland Director (Processing) Phil Walker Business Development (Financial Services) Mal Brown Business Development (Home Improvements) Office Facsimile Number Correspondence Address: Pure Money Armstrong House Doncaster Sheffield Airport Hayfield Lane Doncaster DN9 3GA Opening Hours: Monday to Friday am pm Saturday 9.00am 12.00pm

9 Application Process Flow Application passed to Pure Money by; CSV File, , fax or telephone. Client details are placed onto our case tracking system for transparency Pure Money then contact the client to discuss loan requirements Pure Money then process the case to the point of completion Updates are reported back to you bi-weekly

10 Underwriting Criteria Quick and Simple Secured Finance - 3,000 to 500,000 from 12 to 300 months Supplementary Information Minimum address history is 36 months, employment history is 3 months We will accept customers who have CCJ s and /or defaults We will accept self employed customers up to 85% LTV Rates from 5.59% Applicants can be aged Loans to 100% LTV Unencumbered properties accepted

11 Proposal Application Form Proposal Forms must include the following: Name Address (including postcode) Contact Telephone Numbers Monthly Payments Employment Details House Valuation (if applicable) Mortgage Balance (if applicable) Details of any arrears/missed payments Consent to credit check the client

12 Broker Application Form Simple self explanatory 1 page application form Works as a call flow prompt Can be integrated into a simple online application form

13 Proposal Decision Form Once we have received your application, we will update you by close of business as to the outcome of the application: Pure Money case reference number Customer Name Status Case Owner Case Notes

14 Status Report Bi-Weekly we will send you a progress report of the applications we have received The reports will show the following criteria: The status would show: Proposal Date Proposal Number Customer Name Surname Postcode Status PEND = Pending REJ = Reject NTU = Not Taken Up DUP = Duplicate ACC = Accepted

15 New Business Reporting The New Business Report will be sent to you Bi-Weekly either by or fax. The report is monitored & generated by your unique broker number The report shows: Date New Business was written Account Number Customer Name Gross Advance Gross Commissions Total Processing costs Net Commissions Completion Date Payment Date

16 Commission Structure Our completely transparent commission structure shows not only the gross and net commissions but also the processing costs on a case by case basis. All cases vary in their costs to package as valuations fluctuate and not all cases need BSQ s so we will not charge you an average processing cost to deal with your case. For example: Based on an average loan of 19, % Broker Fee = % Proc (Average) = 285 Gross Fees = Valuation fee (presuming not desktops) on property price of 150, ,000 = BSQ ( presuming credit check doesn t clearly show arrears) = Total Cost = Net commission to you (30%) =