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) p.press@puremoney.co.uk

Iain Murtha

Director 07791 645 661

Correspondence Address:

Pure Money

Armstrong House

Doncaster Sheffield Airport

Hayfield Lane

Doncaster (Sales & Marketing) i.murtha@puremoney.co.uk

Trevor Leyland

Director 07535 669776

(Processing) underwriting@puremoney.co.uk

Phil Walker

Business Development 07772 966163

(Financial Services) p.walker@puremoney.co.uk

Mal Brown

Business Development 07846 318940

(Home Improvements) m.brown@puremoney.co.uk

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.