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Not a good start guys.
I don't think any of us will be silly enough to make a payment to, or channel a fee to, a route where we were not confident that safeguards for the funds are in place.
Since I can use several mortgage clubs at once I have no problem running a few smaller fees through first to trial as I suspect will be the pattern.
This project is a selling jobs at both ends to Lenders and Brokers.