Bright Shines at NPL Secured Loans Conference

More than 300 experienced and new brokers attended the NPL Secured Loans Conference in London on the 12th of September.

Bright Finance was one of the key sponsors at the national conference, with many attendees visiting the Bright Finance stand to learn more about their business and many attending the Conference seminar Bright Finance delivered.

Bright highlighted how master brokers are now realising they need to offer a range of market services in order to gain more business.

Bright Finance advised the new broker audience on how to effectively choose a Master Broker. The seminar detailed how Master brokers must make the process of passing on leads easy and hassle free and to keep the broker informed of where their customers are in the process.

A Bright Finance spokesperson at the Conference stated, "There are a number of stages to follow when selecting a master broker. Firstly, research the company and ask yourself whether you will receive the support you need? Look closely at the commission structure and also how many lenders do they have and do they cover the whole market?"

"Choose a broker than you can trust. All master brokers should be whiter than white, but check they are PPI compliant. Ensure that the broker has the robust regulatory supervision in place, without undue bias between products."

"Guarantee that the broker monitors sales and that they can demonstrate a training and competence scheme is in place."

Mark Cooke, chief executive at Bright Finance, said: "The Secured Loans conference was a great success and we were delighted to be a part of it."

"The market is forever developing and moving forward, so it is vital to keep on top of all the changes, particularly given the recent events in the world financial markets which have impacted on our sector.

"We feel Bright Finance has become an innovative player in the industry and one whose knowledge and experience continues to grow, enabling us to manage these challenges for the benefit of our business partners and ourselves."

Posted: 25th September 2007