Unlike other mortgage distributors, Paradigm allows all its member firms to share in the success of the business through annual income payments, where Partnership members directly benefit from a share in the capital and income of the Paradigm limited liability partnership.
Since launch Paradigm Mortgage Services has signed up 335 mortgage intermediary firms to the proposition in addition to a further 320 IFA firm members of sister company, Paradigm Partners, who also use the mortgage distributor.
Paradigm prides itself on being ‘more than just a mortgage club’ and has built up an array of product and service opportunities for its membership including access to a wide array of mortgage and cross-sell products; it also offers members discounted packages covering sourcing technology, back-office systems and regulatory compliance support.
Paradigm Mortgage Services is part of the Paradigm Group which has over 650 directly authorised partner firms. Paradigm Group also includes the network, Paradigm Financial Advisers, which has already grown to over 200 advisers with plans to secure over 500 business writers by May 2011. The Group also includes IFA consolidator, Perspective Financial Group Ltd, which has recently acquired its 16th IFA firm.
Bob Hunt, chief executive of Paradigm Mortgage Services, commented: “The third birthday of Paradigm Mortgage Services is certainly something to celebrate given the timing of our launch and the roller-coaster nature of financial services over the past three years.
“We look forward to growing the range of offerings within the Paradigm Group and providing our members with a continued, first-class distribution proposition that will continue to meet their needs.”
