EM-Financial, with four centres across the UK, expects to handle in excess of £600m-worth of mortgage completions over 2004.
With EM-Financial on board, RAMP members’ expect their total mortgage completions to exceed the £3bn mark, roughly a third of all non-conforming completions in the UK.
The firm becomes a board member of the Fareham-based alliance along with County Group, Solent Mortgage Services, MD Nationwide, The Finance Centre, Vesta Money and IMB.
RAMP, which launched just before Christmas and started trading at the start of January, has yet to announce its lender panel but is still actively recruiting more packagers as associate members to offer them compliance support and a wider product range.
Roger Morris, managing director of EM-Financial, said: “By working together with other packagers, instead of working against them, we will be able to bring all our different strengths together under the umbrella of national distribution.”
RAMP’s managing director, John Rice, said: “Lenders are pleased that we are embracing regulation and see RAMP as an organisation that will genuinely add value to the mortgage sales process. Additionally, they welcome the opportunity to forge a long-term relationship with a major force in mortgage distribution.”
