Peter Charge, director of national accounts at edeus, said: “We have gone on record as having reservations over some, but certainly not all, packagers. edeus has conducted appropriate due diligence and has chosen a selected initial group of packagers with which we share strong synergies in terms of values, use of technology and business plans.
"We have excellent personal relationships with each of these packagers and look forward to building strong, mutually beneficial business relationships with them once edeus launches.”
The initial list of packagers is:
Alliance of Mortgage Packagers & Distributors (AMPD) Packager Network
BDS Mortgage Group
Chase UK Corporation Limited
Complete Mortgage & Loan Services Limited
Connect Mortgage Group
Freehold
KGB Packaging
Manor Mortgages
Mortgagematch Home Loans Ltd
Mortgage Next
The Mortgage Partnership
Personal Touch Packaging Ltd
Professional Mortgage Packagers Alliance (PMPA)
The Business Mortgage Company (TBMC)
The Mortgage Operation (TMO)
Eddie Smith, director of operations, AMPD, said: “All Alliance members welcome the opportunity to be in at the launch of edeus. We are expecting an innovative suite of products. edeus need distribution and AMPD can deliver. Our decision to work with them makes commercial sense. With our current run rate we expect to see completions in excess of £3 billion and with this additional volume we see a first class opportunity for both parties.”
Tony Salentino, director, Complete Mortgage & Loan Services, commented: “Complete are proud to be one of the few packagers edeus has decided to work in partnership with. The team at edeus have a proven track record of delivering technology based solutions to add significant value to the mortgage process. Complete are fully committed to maintaining their reputation as a forward thinking, progressive company and believe our partnership with edeus will further enhance our service proposition to intermediaries, appointed representatives (ARs) and our network partners.”
Jon O'Brien, operations director, PMPA, added: “PMPA look forward to edeus enhancing the PMPA offering via its competitive product and service proposition. PMPA will partner lenders who provide high levels of delivery in the specialist areas of self certification, buy-to-let and non-conforming. PMPA expects edeus to position themselves very competitively in these areas. PMPA welcomes edeus to help PMPA maintain its professional standing in the marketplace.”
Andy Young, managing director, TBMC, said: "TBMC is delighted to be a business partner of edeus and we look forward to working together from launch."
