John Rice, managing director of RAMP, said: “RAMP members are at the frontline of mortgage origination and while we know the market is flat generally, our members continue to make 2005 a very good year for this and completions. Overall, RAMP members are 24 per cent ahead for the year-to-date.”
“The solid platform that RAMP members have established, based on operating closely with our lender partners while embracing the new regulatory environment, continues to reap rewards,” he added.
Michael Clapper, chief executive of Enterprise Group, a board member of RAMP, said: “It is pleasing to now see the benefit of all the hard work RAMP members have put into preparing for a regulatory environment.
“We are finding that networks are keen to align themselves with packagers that can demonstrate safe systemsand processes, ensuring they achieve regulatory protection and at the same time benefiting commercially through the exclusives that RAMP members can offer.”
Jon O’Brien, operations director at The Professional Mortgage Packagers Alliance (PMPA), said: “The market has picked up with a noticeable shift of emphasis onto increasing remortgage business.
“Volumes were relatively poor in January and February, picking up in March and April and becoming stronger in May and June. RAMP has increased its numbers since May 2004 so it’s fair to say that this may be one reason for the increasein business levels year-on-year.”
