Shawbrook Bank has increased its network of strategic partners for commercial lending, created to recognise high quality applications and successful conversion rates, to 27 brokers five months into the programme.
The latest broker to join the Strategic Partnership Programme, which launched with 18 commercial mortgage brokers in September 2012, is Brightstar Financial.
Karen Bennett, head of sales and marketing of commercial mortgages at Shawbrook Bank, said: “The Strategic Partner programme was developed to acknowledge and reward the brokers who work the most efficiently in terms of quantity and more importantly quality of applications.
“The programme has been a great success and it’s great to see the network increase as more brokers achieve the published benchmarks. The expertise and market outlook that brokers provide is essential to Shawbrook and we have no limits on the number of partners.”
The partners now in the programme receive exclusive process and marketing benefits as well as higher commission rates due to the quality of cases provided to Shawbrook.
This is reflective of the lower processing costs of their applications and allows them to provide support to other introducers with their Shawbrook cases.
Rob Jupp, chief executive at Brightstar Financial, said: “We are absolutely delighted to be made a strategic partner of Shawbrook Bank. To us it is confirmation of Shawbrook being a main partner of ours for short-term lending. “They offer market leading rates and are committed to delivering in the short-term market so for us to be part of the programme is excellent.”