The packager has 46 staff and has seen its Quarter 1 business rise by 140% over the same period in 2005, with current volumes running at over £400 million of applications annually. Primrose Mortgage Processing currently packages for brokers within the M25, but will shortly have national coverage.
Paul Fradgley, managing director of Primrose Mortgage Processing and its sister premium service IFA business, Primrose Associates explained: “Primrose Mortgage Processing has grown by hiring exceptional account managers and training them to offer an intensive care full service to mortgage brokers that specialise in the sub-prime sector. This has resulted in an excellent conversion rate from application to completion which has led to long-term relationships with our broker partners. PMPA is the major player in the packager association sector, the longest established and the best. We are confident that membership will further enhance the products and service that we provide to our brokers.”
Jon O’Brien, operations director of the PMPA said: “Primrose Mortgage Processing maintains the highest professional standards and is a highly successful and expanding packaging business. We are delighted to welcome them as the latest PMPA member, and look forward to working together with them for the mutual benefit all members, their brokers and customers.”
PMPA now has a total of 13 members with a combined annual business volume of £5 bn.
