This 'long awaited' development is seen to put packagers in a better position to fulfil their role as wholesale providers for both mainstream and specialist lenders, alongside a range of other financial products.
AToM believes that brokers will benefit from increased buying power and economies of scale, as well as the support systems this kind of partnership puts in place.
Technology is also a key concern allowing brokers to track their cases through a single packager portal.
“The current economic climate has hastened the necessary and inevitable consolidation of the packager market," said Vic Jannels, chairman of AToM.
"Brokers and lenders should see the benefits of the move almost immediately as the larger packagers are able to demonstrate clearly the value added services that they provide.”
