Sesame launches specialist processing arm
The service processes mortgage applications on behalf of lenders and helps advisers place more complex cases with specialist lenders.
Key benefits for advisers of SB Specialist Lending Services are:
• Exclusive access to major lenders
• Exclusive products from panel lenders
• Access to experts in the placing and processing of more complex client scenarios
• An online processing system making it easy and straight forward for advisers to submit cases
• Downloadable forms from the SBSLS website at www.sbsls.co.uk
The service is being launched by SBG in partnership with Melton Mowbray Building Society.
John Cupis, managing director of PMS, said: “We chose to work with Melton Mowbray due to its proven experience and leading technology in this area via Melton Intermediary Services.
“Our knowledge and expertise will enable advisers to benefit from broader product offerings from lenders.
“This will be particularly useful for those who wish to use this channel for more specialist products which require better case packaging, including complex prime, complex buy-to-let, and equity release. It also means our members will be able to access new lenders who have a more limited processing capability but an appetite to lend.”
Martin Reason, CEO of the Melton Mowbray, said: “This is a major development for the Melton Group which combines SBG’s market reach and industry expertise with our proven capability in processing specialist mortgage cases for brokers.”
Mark Snape, sales director at GE Money Home Lending, added: “This venture will add further value to SBG members by enabling them to access a range of new and specialist products. We look forward to supporting SBG with this new service and developing our relationship with SBSLS.”
Advisers will be able to discuss how the service will benefit them at the Mortgage Extra Live Roadshows which are being held throughout September.