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150 brokers join secured packager

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150 brokers join secured packager

A secured loans packager has seen broker registrations soar this year, with nearly 150 new intermediaries signing up and sending in their first cases.

Smart Money Loans, the secured loan specialist for intermediaries, has also experienced a dramatic increase in business activity in the South East.

The sharp rise demonstrates  the value of face–to-face contact after  Colin Davison’s appointment  to spearhead the sales function in England and Wales.

Smart Money Loans, which is one of the main sponsors at this year’s Finance Professional Show in November, operates from offices in Scotland and England.

Since Colin Davison joined at the beginning of August, enquiries in the South have increased by 17 per cent and Decisions in Principle (DIPs) have increased to 15 per cent from 9 per cent of the company’s total across the UK.

In the South East during August a further 23 brokers have started using the Smart Money Loans service.

According to Director, Paul Crewe, the arrival of Colin Davison has proved to be hugely influential in generating new business in the South. He said: “We have always enjoyed great support in the North of England and Scotland, which is our heartland.

Thanks to the appointment of Colin to build business in the South, we have been better able to tap into the national upsurge in interest around secured loans and their uses. There is no doubt that our brokers have better understood the importance of a secured loan facility because of the personal touch of having some one of Colin’s experience visit them at their offices.”

Paul added: “We are looking forward to meeting as many delegates as possible at the Finance Professional Show in November. Not only to help build our business but to act as enthusiastic ambassadors for the whole secured loan industry.”

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