Omnii Solutions has today launched a toolkit to assist mortgage intermediaries in complying with FSA rules on treating customers fairly (TCF).
The new system, called Checkit, will allow intermediaries to verify client and property information at the beginning of the advisory process. According to Omnii, the system aggregates data from providers to allow brokers to perform client due diligence, risk assessment, valuation checks and reinstatement value checks. Tools in Checkit allow a broker to review and analyse the data in any way that suits them. In addition, a compliance officer can control the output of the data, influencing advice and recommendations to ensure regulatory compliance. Omnii says the system will help improve ...
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