Professional Mortgage Partnerships Network plans to move its portal services from Assureweb to The Exchange.
PMP says its quotes and e-submission services will now be moved to the Exweb broker solution, which will provide it with a tailor-made single trading platform to support all of its protection and mortgages-related insurance needs.
Founded by five mortgage packagers, PMP has around 150 intermediaries providing a range of mortgage and related protection products including term assurance and income protection, from a wide panel of providers.
Meanwhile Exweb broker is an adapted version of Exweb, designed specifically for brokers selling mortgages, life protection and general insurance products, and the system contains a number of services including mortgage sourcing and research.
PMP says having reviewed its existing supplier, Assureweb, it became aware moving to The Exchange would make a rapid and discernable difference, as not only did they have the size and resources to move quickly, but more importantly they really understood the nature of its business and what was important to it.
Bob Scott, chief executive officer at PMP, says: “In such a highly competitive marketplace it is essential to give members the best of breed technology and e-commerce solutions to ensure they stay ahead of the game. We are confident in making the change this will further accelerate our competitive position and lead to increased growth for the future.”
And David Child, managing director of The Exchange, says following the recent announcement of Thinc Destini moving to The Exchange, it is delighted to reveal another major organisation has joined in such close succession.
He adds: “This is a terrific endorsement of all the hard work and investment we have made in our portal services. It is also particularly welcome when new clients have taken some time to look at the rest of the market and then chosen us over and above any competitive proposition.”
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