Promise launches free seminars for brokers
According to secured loan master broker, Promise Solutions, there is currently an overwhelming lack of understanding within the mortgage intermediary market regarding how to offer secured loans. This has resulted in many intermediaries lacking the confidence to tap into this lucrative and important sector of the market.
In response to this, Promise Solutions has announced that it is commencing a series of free nationwide seminars and meetings to help mortgage intermediaries properly get to grips with secured loans.
Steve Walker, managing director of Promise, said: “This initiative comes as a result of demand from networks, mortgage clubs and individual brokers. Having surveyed many brokers over recent months, it is clear that a lack of understanding is one of the main factors which is deterring intermediaries from tapping into secured loans and consequently denying them a valuable income stream and their client access to additional products. Most brokers recognise the value of offering loans but, being professionals, want to do it right, or not at all. I have said previously that the loans sector is there for the taking by the professional intermediary. Our aim is to help intermediaries quickly gain the skills and expertise they need to competently offer loans and we have designed our program around this”.
Topics covered by Promise will include which clients would best suit a secured loan and how to sell the benefits of a loan to those clients, how to find and advertise for those clients, high level criteria and case studies, what conversion rates to expect and how to optimise conversions, how to sell/source a secured loan, likely income available and how to control/ optimise income against time spent and the key compliance points.
Mr Walker added: “Most intermediaries we have spoken to don’t realise that self cert and adverse loans are still available or that loans can often be available when a mortgage isn’t. From dealing with intermediaries day in day out we can see that often a loan may also be best advice for their clients. Offering loans is not rocket science and we will be able to demonstrate this. Intermediaries can attend group meetings, meet with a BDM, or can partake in interactive online training sessions. Whichever option they select, afterward they will have free access to the best loan sourcing platform and the knowledge to deal confidently with any loan enquiry and go head to head with the loan super brokers. We remain on hand, thereafter; to answer any queries and can provide real time coaching. We can remove the mystery and empower brokers to grab the opportunity so would urge those interested to contact Promise and register their interest.”