Networks bolster compliance team

Networks bolster compliance team

Two mortgage and protection networks have bolstered their compliance support in response to "record numbers" of membership applications.

HLPartnership and Mortgage Support Network, both owned by parent company Josewin, have appointed five additional compliance officers expected to work with national members from their office in Leicester.

The officers will support the membership processing team, who are said to be handling record numbers of applications from firms and individuals wishing to join the network, and are expected to provide further resource for file checking and audit.

Gavin Earnshaw, compliance director at HLPartnership and Mortgage Support Network, said: "Despite the external uncertainty caused by Brexit, we are confident in planning further compliance recruitment through Q1 as applications for membership are particularly strong and the pipeline for new business is very healthy.

"We are committed to providing the structure and support services that advisers, who specialise in mortgages and protection, need."

Mr Earnshaw said feedback from new members has suggested mortgage and protection advisers are treated as the "poor relations" in networks which cater for other disciplines such as pensions and investment specialists.

He added: "This reinforces our belief that building a natural home for mortgage and protection specialists creates a sound business platform, both now and in the future."

HLPartnership was founded in 2001 and its parent company Josewin bought Mortgage Support Network in 2017 - they operate as separate entities but have 600 member advisers between them.