Trigold recognises that most Prospector AAA users are mortgage brokers first and foremost and not necessarily specialists in arranging secured loans. Secured loans differ from mortgages and fall under the legal umbrella of the Consumer Credit Act. This presents the broker with a different but no less legislative framework of compliance within which to operate. For this reason the Trigold Secured Sourcing module boasts a collection of experienced ‘Master Brokers’ who are specialists in this field and will handle the whole application on your behalf.

Think of a Master Broker as a packager. In the same way that a first mortgage packager has a network of lenders to arrange finance through, a master broker is set up in exactly the same way with a panel of secured loan providers.

Once you have established that a secured loan is the correct product for the client using Trigold’s unique Terms of Business and Reasons for Recommendation tools, the case is handed over to a Master Broker to arrange the paperwork and see the case through to completion. The client benefits from a fast, efficient and professional service and you, the broker, receive the same level of commission as if you had invested your time in arranging the finance and liased between client and Master Broker directly!

The process explained

Step 1: Client & Broker Consultation: Initial contact is made between you and the client. You decide a secured loan is the correct product and you can voluntarily produce documentation to justify your recommendation.
Step 2: Referral: You have two routes - either source an indicative product using the sourcing system and select a lender. Alternatively, you simply refer the case to the broker and they will do it all. Either way the case has to be given to the Master Broker to physically process the application and the commission paid is the same.
Step 3: Master Broker Liaison: The Master Broker liaises with the client and the lender to complete the application process. They take all the details from the client and see the application through to completion.
Step 4: Completion: The lender approves the loan, monies are transferred and all commissions are paid.