Industry compliance expert, Bill Warren, has launched a unique compliance service specifically aimed at mortgage advisory firms.
The new compliance service provides a robust historic sourcing facility in partnership with the Home Buyer System.
The result is that all mortgage cases can now be easily re-sourced using the original date and data to verify that the most appropriate product and/or lender was recommended at the time. Warren will undertake the reviews and offer guidance on the use and interpretation of the results.
The service is aimed at firms of all sizes both as a peace of mind compliance check and for past business reviews.
By working alongside compliance departments and selected mortgage compliance advisers Warren also believes that savings can be made and concerns can be prevented from growing.
The Home Buyer System uses Defaqto as its data source, the same source used by the FSA, and it has designed this historic sourcing facility to enable firms, with guidance from Bill Warren Compliance LLP, to defend a complaint or undertake a past business review over a specified time frame.
The service is accurate for all business placed since ‘Mortgage Day’ and can cover the entire firm or individual mortgage advisers. The proposition also enables flexibility of time frames to meet firms' individual needs.
Bill Warren, managing director of Bill Warren Compliance LLP, said:
“This brand new service will be of considerable value to firms who perhaps have been asked by the FSA to undertake a past business review or just want reassurance that their mortgage business is compliant. No more calculations needing lengthy input or recording are needed and the output is completely accurate. The beauty of this service is its accuracy and simplicity, saving money and time for firms in what is a particularly challenging business environment.”
Richard Angliss, managing director of Home Buyer System, added: “It is inevitable now that mortgage regulation is in its sixth year that the need for retrospective information, backed up by the respected resource Bill Warren Compliance LLP can provide, will be absolutely invaluable to firms. This new service delivers just that and we are looking forward to engaging with firms to push this exciting offering out to the marketplace.”
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