Business mortgage

OMS Completes API Integration with Pepper Money for Second Debit Business

Mortgage technology company One Mortgage System (OMS) has completed a full application programming interface (API) integration with Pepper Money for its second debit business. Users will be able to directly access Pepper Money’s second fee range and get a full policy decision without having to re-enter data. OMS said this would “support and […]

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Mortgage Solutions helps buyers navigate the waters – Estes Park Trail-Gazette

Interest rates have risen recently. Prospective buyers shouldn’t be alarmed, according to Mortgage Solutions loan officer Mike Romero. Mortgage Solutions Financial “We were fortunate to see interest rates below three percent, the lowest in history,” Romero said. “The Fed was buying this on purpose with its monetary policies and lowering the federal funding rate to […]

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MFS joins The Business Mortgage Company panel of lenders

Market Financial Solutions (MFS) has joined The Business Mortgage Company (TBMC) panel of lenders. Targeting a £1bn loan portfolio by 2023, MFS has joined TMBC’s lender panel to reach more brokers. TBMC aims to help brokers find buy-to-let (BTL) mortgages as well as short-term commercial loans and sub-loans. MFS, which was founded in 2006, offers […]

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Revenue jumps in Domain’s mortgage brokerage business

Domain credited its new management team for delivering a 65% year-over-year increase in underlying revenue from its mortgage brokerage division. The real estate advertising platform published its results for the first half of the 2022 financial year on Thursday, February 17, revealing a net profit after tax of 26.1 million dollars, up 34.2% year on […]

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Simon Broadley appointed managing director of Tenet’s consulting business

Simon Broadley has been appointed Managing Director of Tenet&You, alongside Dave Harris as Head of Client Acquisitions. Tenet & You, the consulting firm of the Tenet Group, said the nominations would help further stimulate growth. Tenet & You, which rebranded as Aspire in 2020, acquired 18 companies. Broadley joined Tenet in 2018 and […]

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Find a product that’s right for your business

Neal Jannels is Managing Director of One Mortgage System (OMS) We can all learn a lot of different voices in different industries, especially when it comes to understanding exactly what customers want. Like many people, I sometimes waste a few hours here and there on the internet. Whether it’s falling into a YouTube wormhole or […]

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Leftover Christmas caramels and increased second load business

Daniel Yeo is Managing Director of the Specialist Finance Center You could almost hear any surviving Christmas spirit collectively seeping out from the people of the UK as the calendar clicked fourth and homeworkers everywhere struggled to tell what day it was, staring at the undecorated rooms , inadvertently picking up pine needles on the […]

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Foundation: 64% of owners don’t expect the pandemic to affect business

Two in three homeowners (64%) don’t believe the pandemic will impact their business, according to research from Foundation Home Loans. This is an increase of 3% from the 61% reported in the second quarter, with little differentiation by portfolio size. Third quarter research undertaken by BVA BDRC also shows that despite independent owners hardest hit […]

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OMS finalizes API integration with West One for second load activity

End-to-end mortgage technology company One Mortgage System (OMS) has completed a full application programming interface (API) plug-in with West One for second load activities. WHO users will now have direct access to West One’s second load products, which cover both residential and buy-to-let. Users can get a full policy decision without having to re-enter data, […]

Business mortgage

Try Financial Limited launches a conditioner distributor activity

Named the Representative Network, Try Financial Limited started a packaging distribution business called Try Specialist Finance. The launch of the new company coincides with the appointment of Jo Baldock, who becomes the company’s first director of business development. Martin Swann, Managing Director of Try Financial Limited, said: “The packaging and distribution of specialty products has […]

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SMG celebrates its 20th anniversary

Specialist Mortgage Group (SMG) is celebrating the company’s 20th anniversary this month. Founded in September 2001 as Y3S before becoming SMG in 2017, the Cardiff-based group has grown over the past two decades and now includes packaging companies Y3S Loans, Y3S Private Clients, B2B Financial and Chaseblue Loans . The group covers a range of […]

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Natwest Carries Out Widespread Tariff Reductions In New And Existing Businesses

Natwest announced various rate reductions on mortgages for new businesses and existing customers. The changes include rate cuts across its mortgage guarantee program and green mortgage products, with reductions of up to 0.69% for remortgage customers and 0.52% for existing customers. Shared share reductions In its shared equity lineup, Natwest cut rates on the entire […]

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Family Building Society Updates its Line of New Business Mortgages

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Big 4 buys Citi’s consumer business

The National Australia Bank (NAB) has announced that it has entered into a buy-and-sell agreement with Citigroup to buy its Australian consumer business for $ 1.2 billion. The proposed acquisition, which remains subject to regulatory approvals, is primarily structured as a transfer of assets and liabilities, with NAB to pay Citigroup in cash the net […]

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ABC takes out ‘sustainable’ loan for agribusiness

The big bank has agreed to provide a sustainability-linked loan to a Queensland beef producer in a ‘first’ for the farming industry. Stockyard Group has entered into a three-year Sustainability Linked Loan (SLL) with the Commonwealth Bank of Australia (CBA) for an undisclosed amount. As part of the new financing agreement between the CBA and […]

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Citi to sell its Australian consumer business

The group, which targets high net worth individuals, today announced it would ‘continue an exit’ from its consumer banking business in 13 markets, including Australia, following a ‘strategic review’. Instead, the group will focus its investments and resources on businesses that can “generate stronger growth, deliver scale and improve long-term returns”. In Australia, the sale […]

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Citi divests its Australian consumer business

The group, which targets high net worth individuals, announced today that it would “pursue an exit” from its consumer banking activities in 13 markets, including Australia, following a “strategic review”. Instead, the group will focus on its investments and resources in businesses that can “drive stronger growth, offer scale and improve long-term returns.” In Australia, […]

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Fintel announces resilient performance helped by mortgage advisor activity

Fintel posted a resilient performance for 2020, with good results in mid-level services and fintech and research offsetting the effects of foreclosure on its distribution channels division. The group reported revenue of £ 61million, down 3% year-on-year. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 2% to $ 17.3 million. The number of […]

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Dave Pinnington takes over the management of Finance 4 Business

Finance 4 Business has promoted Dave Pinnington to Managing Director and has hinted that more changes are coming soon. Pinnington (left photo) joined the distribution and consulting firm as head of intermediary relations in 2017 and became CEO with immediate effect. Russel martin (photo on the right) who founded the company in 2009 and was […]

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Mortgage brokers adapt to pandemic as fewer fears of damage to businesses

Mortgage brokers are less concerned about the impact of the coronavirus on their businesses than they were four months ago, according to a survey by Virgin Money. The proportion of brokers who say the pandemic is having a significant impact on their businesses has risen from 54% to 44%, while nearly a fifth say they […]

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Berkeley Alexander Reports Record Numbers for Introduced GI Activities

General insurance provider Berkeley Alexander saw a record number of mortgage intermediaries and ACIs introducing IG business in December and January 2021. The numbers are up 31% from the same period last year. The introduction of IG activity means that intermediaries retain the customer relationship but refer the case to the IG provider, rather than […]

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First Direct relaunches an 85% LTV range for new business

Sign up to access MortgageSolutions.co.uk for the latest news analysis, interactive commentary, industry videos, and features, all at your fingertips. Vote in our polls, give your opinion on the news and watch our weekly editorial columns. Thank you. You have successfully registered for Premium Access, please check your email for your temporary password. (Please also […]

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The Right Mortgage marks its sixth year of existence

The Mortgage Law and Protection Network marked its sixth year of existence. Since its inception in 2015, the network has supported UK mortgage and protection brokers in all areas of business. During its six years of activity, the network has introduced The Later Life Lending Network, The Right PMI and Healthcare, The Right Loan and […]

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Shawbrook Enters RateSetter’s Development Lending Business

Shawbrook Bank acquired the peer development finance business of RateSetter, which includes more than 100 new active developer clients and its development finance team. The total facilities of the development finance loan portfolio amount to £ 167 million. Terry Woodley, Managing Director of Development Finance at Shawbrook, said: “This is a fantastic acquisition that complements […]

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Mayor Victorino announces $ 1 million small business mortgage and rent relief program

Maui Mayor Michael Victorino. PO Box: Maui County / Brian Perry Mayor Michael Victorino on Wednesday announced the launch of a $ 1 million direct payment program for mortgages and small business relief to provide a lifeline for businesses struggling to survive the impacts of COVID- 19. Maui County partners with the Maui Chamber of […]

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How to tell if your website is converting or losing new business

Promoted by social broker There is no doubt that mortgage and finance brokers are among the best in the business when it comes to exploiting word of mouth recommendations. But customers will continue to come to you online, no matter how much they trust the referral source. Sam Aghdam, co-founder and technical manager at Social […]

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Lenders team up to start new mortgage business

A non-bank created by former Pepper executives has partnered with an ASX-listed lender to start a new mortgage business. Asset finance lender Azora Finance has entered into a joint venture agreement with ASX listed lender FSA Group, forming a new mortgage lender, Azora Home Loans. As part of the new joint venture, the FSA group […]

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BEHIND THE BUSINESS: Mortgage advisor Tom Dalley has gone from being laid off to running his own business

IN July, mortgage and protection advisor Tom Dalley started his own business, TGD Mortgages. In a question-and-answer session, he told us about the pros and cons of running your own business. 1. How did you become a mortgage advisor? I was born in London but from the age of three grew up in the beautiful […]

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Trade finance brokers are positive about the future of business

Most (77%) of commercial financial intermediaries believe the number of loans they broker will increase, business loan provider Spotcap has found. The research, conducted with support from NACFB and FIBA, also found that more than half of commercial financial intermediaries believe lending will increase dramatically. Graham Toy, Managing Director of NACFB, said: The research aligns […]

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Magellan Homeloans closes its doors

Specialty lender Magellan Homeloans closed its doors to new business today, citing competitive market pressures related to falling interest rates and increasing credit risk. The lender has said it will honor all unexpired mortgage offers, but will not extend or materially alter any offers issued. However, it will immediately stop accepting new candidacies and will […]

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How to financially manage the expansion and growth of your business – Mortgage House

Managing the day-to-day life of a small or medium-sized business is not easy. And it can get even more difficult when you’re looking to develop and grow. We all know the stories of companies that have grown too quickly and paid a heavy price. That’s why it’s important to do your research and take your […]

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Mike Kelly joins Finance 4 Business

Mike Kelly joined Finance 4 Business as Senior Director of Business Development. Having spent most of his career in Birmingham with West Brom Building Society, Clydesdale Yorkshire and Investec, he brings a wealth of experience to this role. Kelly said: “ I am delighted to join F4B. They are an experienced, successful and dynamic team […]

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Smart Money appoints commercial director for regulated activities

Smart Money appointed Colin Mason (Photo) as commercial director for regulated activities. Mason comes from Ocean Finance where he was responsible for secured loans for five years. Its role is to strengthen relations between intermediaries who are only advised and not advised and to rely on the proposal of the introducer of Smart Money in […]

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Mortgage veterans at the helm of the new Cornerstone

Anyone who drives Sixth Avenue has probably noticed new signage on the mall that houses Lamont Companies, 205 Sixth Ave. SE Cornerstone Mortgage opened in Suite 102 on January 3. Cornerstone is actually a full-service bank, but not locally. The Aberdeen location is considered a mortgage origination office. The employees at this office are the […]

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Redwood Bank opens its doors

Redwood Bank has opened its doors with SME Secured Mortgages for business owners as well as experienced commercial and residential real estate investors. The bank offers commercial mortgages between £ 50,000 and £ 1.5million for business owners and professional owners, secured on the property. Interest-only options are available, while applicants have a choice of fixed […]

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National counties rename Family BS for new mortgage business

The National Counties Building Society will transfer all new intermediate and direct mortgage business under the Family Building Society brand from December 1. All mortgage transactions for new clients will be channeled through the Family Building Society, but will not affect existing product features, procurement fees, contact details or policy or criteria for ready. Previously, […]

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Case Study: How to Grow a Mortgage Consulting Business

Mark Dyason, national media expert and director of a mortgage and protection company in Edinburgh, describes what happened next when he started his own mortgage company. From employing just three advisers to choosing the right network, it’s all there. From my first day at the kitchen table with a laptop and mobile, I was full […]

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After nearly 35 years in business, mortgage law firm Butler & Hosch closes its doors

Law firm specializing in mortgage banking Butler & Hosch, Pennsylvania filed a Assignment for the benefit of creditors to a Florida law firm Michael E. Moecker & Associates, a Chapter 7 bankruptcy-like action. Butler & Hosch closed their doors this week and laid off all staff. It will not open on Monday. No one at […]