Introducer Presentation Pack - Pure Money Money Introduc… · introducer partners who benefit from...
Transcript of Introducer Presentation Pack - Pure Money Money Introduc… · introducer partners who benefit from...
Introducer Presentation Pack
Contents
• Introduction to Pure Money
• Welcome to the Management Team
• Application Process Flow
• Proposal Decision Form
• Status Report
• New Business Reporting• Application Process Flow
• Underwriting Criteria
• Proposal Application Form
• New Business Reporting
• Commission and Payment
Mission StatementMission 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:
Introduction to Pure Money
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.
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.
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.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
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• 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 email with no home visit necessary
Our Partners include:
• Home Improvement Companies
• Direct Marketing Companies
• Independent Financial Advisors
• Car Dealerships• Car Dealerships
• General & Life Insurance Intermediaries
• Debt Management Companies and Insolvency Practitioners
• Mortgage Intermediaries
Welcome to the Management Team
Contact Details:Peter Press
Director 07767 214 636
(IT & Infrastructure) [email protected]
Iain Murtha
Director 07791 645 661
Correspondence Address:
Pure Money
Armstrong House
Doncaster Sheffield Airport
Hayfield Lane
Doncaster (Sales & Marketing) [email protected]
Trevor Leyland
Director 07535 669776
(Processing) [email protected]
Phil Walker
Business Development 07772 966163
(Financial Services) [email protected]
Mal Brown
Business Development 07846 318940
(Home Improvements) [email protected]
Office 01302 802090
Facsimile Number 01909 591 006
Doncaster
DN9 3GA
Opening Hours:
Monday to Friday - 9.00am - 7.00pm
Saturday – 9.00am – 12.00pm
Application Process Flow
Application passed to Pure Money by; CSV File, e-mail, 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
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
monthsmonths
– 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 18 -100
– Loans to 100% LTV
– Unencumbered properties accepted
Proposal Application Form
Proposal Forms must include the following:
• Name• Employment Details
• House Valuation (if applicable)• Address (including postcode)
• Contact Telephone Numbers
• Monthly Payments
• Consent to credit check the client
• House Valuation (if applicable)
• Mortgage Balance (if applicable)
• Details of any arrears/missed payments
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
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
Status Report
The reports will show the following criteria:
• Proposal Date
• Proposal Number
• Customer Name
Bi-Weekly we will send you a progress report of the applications we have received
The status would show:
PEND = Pending
REJ = Reject
NTU = Not Taken Up• Customer Name
• Surname
• Postcode
• Status
NTU = Not Taken Up
DUP = Duplicate
ACC = Accepted
New Business Reporting
• The New Business Report will be sent to you Bi-Weekly either by e-mail or fax.
• The report is monitored & generated by your unique broker number
The report shows:
– Date New Business was written
– Account Number– Account Number
– Customer Name
– Gross Advance
– Gross Commissions
– Total Processing costs
– Net Commissions
– Completion Date
– Payment Date
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 £19,000.00
10% Broker Fee = £1900.0010% Broker Fee = £1900.00
1.5% Proc (Average) = £285
Gross Fees = £2185.00
Valuation fee £195.00 (presuming not desktops) on property price of £150,000 - £200,000 =
£195.00
BSQ (£100.00 presuming credit check doesn’t clearly show arrears) = £100.00
Total Cost = £295.00
Net commission to you (30%) = £567.00.