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Commercial Finance Introducer
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Year for the existing brokers using the service. Of to provide these services to their clients and, if those brokers changes too. Of course, the
course, because the products available will be that is the case, they are by no means obliged to NACFB will be working to provide the benefits
FSA regulated (and most of our members are have to offer them through the NACFB’s and services it has always done: events are
not) there will be detailed training for each system (although they are welcome to do so if being planned for next year (the ever-popular
broker using the system on each product they choose). This is aimed at the smaller ‘Meet the Patrons’ day may well get a bit of a
available. Obviously, members will be unable to broker firm, which makes up the vast majority makeover in 2010); the electronic newsletter
offer advice or make any recommendations of the Association’s membership, as the impact keeps everyone up to date with the latest
(unless, of course they are FSA regulated to be of the recession has affected them much more changes in legislation, industry event or new
able to provide this kind of service) but they will than some of their larger, fellow members. funder to enter the market; the magazine
be able to provide an introduction to a firm that This scheme is in the very early stages and we allows both full members and Patrons to
can. hope that more and more supplier firms will be promote themselves; and, as I speak, the latest
Until a member has undertaken the training, added to the system over time. The Association edition of the NACFB yearbook is being put to
the facility to offer business to these suppliers will own the CommercialKeeper software and bed.
will remain switched off. Training will be run the ultimate aim is be able to provide it to So as the start of 2010 is just around the
around the UK for brokers to attend and once every member as part of their membership corner we can only hope that the New Year will
they have satisfied us that they understand the package. But before any of this can happen, the bring much more good will – and much more
limits of how FSA regulation allows them to pilot will be launched in January to make sure liquidity to the market. Last year was arguably
operate, they will be able to press a button to that any teething problems are ironed out much more difficult than 2008, and I believe it
submit their clients details (via before the system can be rolled out to any other will still be a while yet before we see the clouds
CommercialKeeper) to the insurance company members. lift, although I am hoping we will see some
to be able to provide a quote. improvement during the next year. So , in the
Changes meantime, the focus is on benefits, something
Services As the market changes, and brokers change, it’s which we hope all members will agree is a good
Some members, obviously, will already be able important that the Association representing way to face the next year.
www.mortgageintroducer.com December 2009 Mortgage Introducer
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