c2 left RAMP earlier this year after the alliance said a compliance review failed to demonstrate sufficient adherence to appropriate compliance standards.
However, Wylie has always insisted that his firm was forced to leave RAMP to silence his concerns over what he deemed as ‘severe internal management failings’ within the alliance.
Although Wylie stressed no firm plans have been set in terms of the new alliance, he said he has been approached by several ‘high-profile’ packager firms with the intention of launching an alternative to RAMP and the Professional Mortgage Packagers Association (PMPA).
Wylie said: “I have been approached by several senior, high-profile people within the packager industry to form our own packager association. There have been a couple of discussions about this but nothing has been decided yet.
“Looking back over the last 18 months, I do struggle to see what I got out of being a part of RAMP. So I have to evaluate whether I want to invest in a new alliance or invest all my energies into the company.”
But another packager source commented: “If you have been removed from one alliance, I can’t imagine who would want to go in partnership with you to form a new one.”
John Mawdsley, director of The Mortgage Partnership, a member of PMPA, said: “Consolidation comes in a great number of forms and this is just one of them. Good luck to him.”
