Despite increasingly pessimistic reports over the current state of the economy, Norton Broker Services were able to complete a record number (post-credit crunch) of secured loans during May this year with Blemain Finance.
The number of completions increased by 50 per cent compared with the same time last year.
Secured loans are in many cases a means for struggling households to obtain the cash they need to cover costs without having to turn to a remortgage.
Commenting on May’s business, Scott Thorpe of Norton Broker Services said: “These results speak volumes for the hard work and commitment our staff put in right across the board. With the expansion of our broker department due to the demand for our products, first class service and top commission, we are now able to allocate an individual Broker Account Manager to each enquiry.
“This excellent performance comes from a combination of Blemain Finance’s consistent criteria and slick underwriting processes, coupled with their flexible approach to lending. All this combined with the hard work, perseverance and ability to think outside of the box of Norton’s underwriting staff contributed to this record month.”
Laleta Buctkuar of Blemain Group commented: “We’re very proud to announce these results for Norton. These emphasise that by working in partnership with a commitment to service and supporting each other, exceptional results are still achievable. Few packagers come with the wealth of experience and knowledge of the secured loan packaging market. Norton’s business model focuses on providing a great secured loan packaging service to fulfil the requirements of their intermediaries.
“Their impressive results show that they continue to thrive in the current climate; we look forward to continuing to build an even more successful working relationship with Norton.”
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