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."