The Professional Mortgage Packagers Alliance has added Melton Mowbray owned packager Praxis to its group bringing its total membership to 15.
Along with first charge mortgage loans, Praxis offers secured loans and commercial lending, and the packager recently launched its web-based sourcing and processing system Fast Forward.
Vic Jannels, chairman of PMPA, says: “We are delighted to welcome Praxis and look forward to the growth that the overall business model will bring to the Alliance.
“Melton Mowbray, the parent company of Praxis, is happy with the move, and we believe this is a good engagement for all parties. From our discussions with our lender panel we are aware that lenders are looking for strong relationships with larger distributors that deliver quality cases, and the size and stature of Praxis fits this model.”
Dudley Aldous, sales and marketing director of Praxis, adds” “We look forward to working within PMPA and are confident that we can make a contribution to the future success of the PMPA, while at the same time benefiting from the exclusive products and enhanced fees that it has been able to negotiate, all of which is also good news for our own broker base”
PMPA member packagers are: Praxis, Platinum Lending, Mortgage Match Limited, Countrywide Mortgage Centre, Niche Mortgage Solutions, AToM, BDS, Complete, Finance and Mortgage Solutions, Knight Funding, Open Door Solutions, OPM, Premier Mortgage Centre, Premier Mortgage Packagers and Primrose Mortgage Processing.