The National Association of Commercial Finance Brokers (NACFB) is marking a significant milestone with the conduct of its 2500th review of a commercial finance brokerage.
This followed the NACFB reaching record-breaking membership levels earlier this year.
James Hinch, head of compliance at the NACFB, said: “Building upon the best part of a decade’s worth of insight, experience, and relationships, the NACFB approaches this significant milestone unwilling to rest on our laurels. We remain dedicated to championing higher standards and are already preparing for the next 2500 reviews to further empower the broker community.”
Last year, the NACFB’s Minimum Standards Review was refined and repositioned as an Assurance Consultation Process.
The approach empowered NACFB members to share their status with third parties.
Lynda Bradbury from asset finance broker TAFCO said: “Completing the NACFB Assurance process, with strong support from the trade body, has boosted my confidence in dealing with regulations, enhanced my grasp of our duties, and empowered me to proudly present our certification.
“In an era where the asset finance community faces intense scrutiny, this distinction underscores our unwavering commitment to excellence, and helps sets us apart in the eyes of both our clients and lenders.”
Phil Gray of Watts Commercial Finance added: “The NACFB Assurance process really was invaluable for the team here at Watts.
“It allows us to showcase our exemplary operations to clients, peers, and lenders, whilst identifying areas for improvement.
“Our trade body’s supportive and constructive approach truly brought the process to life, enhancing our standing and affirming our commitment to upholding the highest standards in the industry.”
