What is a Mortgage Network?

Mortgage advisers seeking structured support and resources, often turn to a mortgage network like Mortgage Intelligence. A mortgage network offers a wealth of resources to help professionals streamline operations and maximise client satisfaction.

Mortgage Networks Explained

When joining a network, advisers become an Appointed Representative (AR). Becoming an AR means that the network is now legally responsible for the actions of the adviser. As part of the responsibility, the network will explain the rules and regulations to the adviser through a compliance manual. The advisers’ activities will be monitored, for as long as they are part of the network, to ensure that the rules and regulations are followed.

Appointed Representatives will have to pay a fee for the network services provided. A payment that will vary based on the network size and support.

The Role of a Mortgage Network

A network functions as a partner for advisers, ensuring they have access to essential services, such as:

• Lender Connections: A broad panel of lenders to offer clients competitive mortgage solutions.
• Regulatory Compliance: Assistance in maintaining compliance with industry regulations and legal standards.
• Marketing & Training: Development programs and promotional tools to help refine their skills and expand their reach.
• Business Expansion Support: Guidance and lead generation strategies from our dedicated Business Development Manager to help fuel business growth.

The Right Mortgage Network for You

Choosing the ideal network involves evaluating a variety of factors:

• Lender Portfolio: A diverse lender panel enhances client options.
• Support Services: Assess the level of assistance available across the network including marketing, compliance, and additional support.
• Cost vs. Value: Consider the benefits provided against membership fees.

If you are interested in becoming an AR or looking for a new network, find out more about Mortgage Intelligence or take a look at our previous blog ‘Which Mortgage Network Should I Join?’ to see if we are the right network for you. Don’t just take our word for it – find out why our members chose Mortgage Intelligence.