GHL enhances network proposition

Amanda Jarvis

March 7, 2006

ôt ?p, comprising of Guaranteed and Genesis Home Loans, hopes the enhanced proposition will offer both added benefits and a range of services to its members.

One of the changes to be implemented involves the direct submission lender panel, which now pays out 100 per cent of the procuration fee received by GHL Group (lender permitting). This effectively means the only deduction made is the standard AR turnover charge, which is subject to a minimum of £25 per case.

The provision of an E-commerce service is a facility that provides the network members with a host of features such as online DIPs, with a 2 hour response time, DIP to full application conversion system, real time case tracking 24 / 7, and an individual case management function.

Further services available to network members include comprehensive life insurance and general insurance propositions, provided in association with Hanover Park Commercial and HomeSure. This arrangement is ‘exclusive’ to GHL Group and will provide access to a wide range of products from providers including AXA, Norwich Union, Legal & General and Scottish Widows. The life insurance proposition also offers four different submission options as well as enhanced commission rates.

Other additional facilities to be offered to GHL Group members, is a solicitor referral scheme, which is made available via Goldsmith Williams Solicitors, and a new secured lending service. This can provide significant extra income with the average procuration fee being £1,700, and also boasts an online DIP service.

Also launched is the ‘Platinum Club’, which gives network members the opportunity to earn higher procuration fees based on the volume on business conducted over a set period of time.

John Smith, sales & marketing director at GHL, said: “The improvements made to our network proposition combined with a host of new services, make it one of the most attractive and comprehensive in the marketplace. We are certain that both existing and potential new members will realise the possibilities for increased earnings in the future, as a result of the changes made and the range of new facilities now offered.”

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