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MCI Club designs new payment and processing package for mortgage brokers

The MCI Club has launched a payment and processing package for all existing and new members of the mortgage club.

This package, which will be wrapped up in a single stable monthly fee, is designed to increase each member’s revenue potential through market leading rebates paid at the end of each month; and incorporates a choice of technology products to increase overall productivity.

Proc fees will continue to be paid promptly but are dovetailed with reliable and consistent rebating, where applicable.

As part of the technology offering, MCI provides a free but optional CRM from eKeeper that includes integrated AML and Credit Reports from Experian along with a number of other integrations.

Those who are planning or looking to accelerate the digitalisation of their business have access to discounted products, including Burrow on-boarding.

This is a pre-application client engagement and qualification tool where leads are posted directly into the adviser’s back-office system to process and retain.

All members have access to a flexible package, which can be tailored to the broker firms based on their aspirations.

MCI’s panel is continually growing and now has 60 lenders.

Melanie Spencer, head of the MCI Mortgage Club, stated: “The past year has been tough. Brokers have been looking for value and stability, while having to endure the ebbs and flows of various lockdowns, changes in criteria and the stamp duty holiday.

“Our innovative payment and processing package is designed to lessen at least one burden on intermediary businesses, it’s there to increase the revenue generating potential of every adviser and still continue to deliver the same value and expertise we do today.

“We encourage every DA business and AR looking to go DA to consider what a mortgage club can do for them.”