Avelo, the UK's leading provider of technology solutions to the financial services industry, has been selected by leading mortgage and insurance network, First Complete to provide its new end-to-end distribution solution.
This will deliver a fully scalable system to work across all elements of the businesses within the network including key appointed representatives such as Your Move and Reeds Rains.
By rolling out Avelo's integrated mortgage broker solution across First Complete's full suite of business, the leading network can replace legacy systems with a streamlined and efficient mortgage advice process, which will drive real business benefits and provide a seamless customer experience. As part of the deal, over 700 intermediaries will have access to Avelo's full range of mortgage and insurance point of sale technology, including Prospector, Momentum and Avelo Exchange. At the Head Office, Avelo's Officeweb product will consolidate management information and fees and commission processing.
The deal with First Complete is the first to be completed since Avelo's recent acquisition of TrigoldCrystal and clearly demonstrates the breadth of Avelo's new proposition and the compatibility of its solutions. Avelo can now offer its IFA and mortgage broker clients unrivalled technology solutions which deliver straight through processing across the entire range of investments, life, pensions, mortgages and insurance.
Simon Badley, Commercial Director, Avelo said: "Our agreement with First Complete shows there is a desire for fully integrated front and back office solutions and highlights the strength and compatibility of Avelo's range of solutions. One of the key drivers for the recent acquisition of TrigoldCrystal was to extend the reach of products and services delivered direct to the adviser or broker, enabling efficient connectivity to the broadest range of lenders and financial services product providers. No one else in the industry could deliver this depth of functionality and level of integration across such a sophisticated business as First Complete."
Jon Whitmore, Mortgage Products and Strategy Director, Avelo Trigold said: "We believe the strategic benefits of the Avelo Trigold and wider Avelo business are fully demonstrated by the solution being delivered to First Complete. First Complete outlined an intention to use one strategic partner and the structure in place within Avelo made this possible. This deal creates a benchmark for the mortgage market going forward."
Jon Round, CEO, First Complete said: "Our desire to invest in a comprehensive and integrated IT solution further demonstrates and strengthens our ongoing commitment to our members, their clients, and the market. Having completed an extensive search in the market, we are confident Avelo will provide our business with a market-leading product."
The initial implementation is expected to be completed later this year.