PRIMIS Mortgage Network is stating that it experienced a sizeable year-on-year increase in the volume of applications to join the service in the period from April to June, despite the Covid-19 pandemic and the resulting government lockdown.
During that period, the network enjoyed a 30% year-on-year rise in applications from both appointed representative (AR) companies and mortgage advisors. This led to PRIMIS adding a further 28 AR companies and 134 advisors to its network across the three months during the height of lockdown, and it has another 300 firms and individuals currently on its waiting list to join.
This is not the only evidence that the network is thriving in spite of the pandemic and the temporary shutdown of much of the financial services sector, as there has also been a rise of 40% in the number of mortgage advisors opting to take part in its online training sessions since April.
Since it decided to provide these sessions as online services when the lockdown was first imposed, 6,852 advisors have taken part, of which there have been 155. Furthermore, the PRIMIS support page for advisors called ‘Lemonade’ has been used 37,464 times since April.
Its chief operating officer, Toni Smith, said that the network was concentrating on helping advisors and companies to meet the needs of their customers and that the level of engagement with its virtual training offer was pleasing to see.
Being able to access important training services, such as the CeMAP courses needed to be properly qualified, is essential for mortgage advisors in the current situation.