Compliance is more than simply following the rules and regulations set out by the Financial Conduct Authority (FCA). It’s also about fully appreciating why the regulations are in place and how they contribute to keeping consumers protected, improving your business, and ensuring the industry can continue to thrive.
At the Stonebridge Mortgage Network, we also understand that compliance can slow down the everyday processes of mortgage brokers, which can have a negative impact on the services you offer and the overall experiences consumers are having with your business. This is why we’ve worked hard to develop a series of tools and support services that are designed to help you stay compliant without slowing you down.
Let’s take a look at some of the ways we’ve achieved this and how our business standards support services can help you to achieve your goals and ambitions.
There’s No Unnecessary Red Tape
Red tape can be hugely frustrating and costly, which is why we’ve removed all unnecessary roadblocks to ensure that you can implement business processes that actively support your workflow.
Additionally, we also have a dedicated compliance committee who work to implement compliance framework adaptations in line with lender changes. This ensures that our members and their businesses don’t get caught up in unexpected red tape, which will enable you to focus on providing an excellent service, growing your client base, and driving growth.
We’re Experts in Our Field
Compliance falls under Stonebridge’s business standards support framework, which has been designed to actively enhance the operations of each of our network members.
Our business standards experts work across every aspect of compliance, including one-to-ones, observations and file checks. Our network members also receive face-to-face support from our field-based team, so everything from ad hoc queries to rapid responses and in-depth training is covered.
As part of our service, we are committed to keeping our member firms fully informed of any FCA regulation changes, including whether amendments are being phased in or implemented immediately. As part of this, we provide both guidance and planning support for as long as it’s needed, which will help you to seamlessly adapt and implement changes in a stress-free way.
Compliance Processes Enable Safe Growth
We know that seamless compliance processes support the safe and sustainable growth of mortgage broker businesses, which is one of the primary driving forces behind why we take it so seriously.
There are a number of different ways in which compliance can support growth. As part of our bespoke offering, we can carry out case reviews of client files. This provides us with the information we need to offer detailed feedback, which is designed to help you to consistently achieve optimal client outcomes.
We also offer regular feedback meeting opportunities, which provide the space to highlight relevant industry updates and best practices. This is something that is constantly in a state of flux, as new tools and strategies are emerging all the time. Having access to this information quickly will ensure you’re able to adapt accordingly in order to continue securing meaningful growth and outperforming your competitors.
Access to Practical Guidance and Smart Tools
Every Stonebridge member receives access to Revolution, which is our market-leading, bespoke mortgage broker software that is equipped with robust compliance features. Revolution will ensure you receive everything from compliance updates that are relevant to your business to reminders of the importance of keeping fully up-to-date with all FCA training opportunities.
We Offer a Real and Genuine Partnership to Mortgage Brokers
Unfortunately, there are mortgage networks out there that provide their partners with a series of arbitrary targets and the same, blanket advice, which isn’t tailored to deliver the support required to build robust and sustainable businesses. However, here at Stonebridge, we do things differently and offer a genuine partnership with each and every one of our network members.
In practice, this means that we provide bespoke, fully tailored support services and solutions to every member, which are designed collaboratively and align with the unique goals of each business. Everything we do is targeted at helping you achieve meaningful and sustainable success, regardless of what that looks like for you, and compliance has a key role to play when it comes to realising your goals.
To find out more about how we can help you, get in touch today and discover how joining Stonebridge can give you the freedom to grow your business with the right support, guidance, and compliance framework, alongside access to leading mortgage propositions, GI solutions, and marketing expertise.
