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10 Jan, 2008


Laura Stavro-Beauchamp
Date: 10-Jan-2008

Solent Mortgage Services topped £1.1bn in mortgage completions in 2007.
Solent attributes the success to the diversity of lenders on its 39 member lender panel and its online facilities for brokers.

Solent's strategy to offer the widest range of lenders under one roof backed up by in house underwriting and experienced staff to help intermediaries, along with ease of access through the adoption of online technology, has put it in a strong position to benefit from the upturn in the market when the funding freeze eases.

Ian Balfour, sales and marketing director at Solent, says: "We have weathered the credit problems better than most and are thrilled to have generated over £1bn of completions in the most difficult year the industry has faced."

He adds that Solent's primary panel of branded lenders produced over 20% of the total volume, with 25 other lenders all sharing nearly £800m of origination.

Balfour says: "We have invested heavily in technology over the past three years and the success of The Porthole, our award winning extranet, which provides online access for decisions in principle, application transmission and case tracking, has been the other key to increasing intermediary support."

       
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