View more on these topics

Matthew Bright leaves Optoma

Matthew Bright, managing director of Optoma Broker Solutions has left the company to pursue new opportunities.

Chairman and chief executive Andrew Seymour and operations director Harpal Singh have assumed overall management of the business.

Optoma has also appointed three new business development managers and opened an office in Newark, Nottinghamshire, to manage its increasing volumes of business in the north.

Optoma recently sold its Optoma Interpartners Network to MBSL, in order to concentrate on its packaging business.

The company offers an exclusive range of more than 750 products. Partly as a result of an enhanced arrangement with Trigold, it is increasing new user uptake by 100 brokers per month.

It is projecting that its new northern office alone will be processing 50m of business per month by the year end.

Seymour says: “I am proud that the breadth of the team that we have developed over the past five years means that we will not need to recruit another director on the operational side.

“Harpal was one of the founders of the business and we, with our excellent management teams, are looking forward to continuing Optomas growth and success in the coming years.”


Sub-prime market in crisis

Carl Wright, managing director at Cartel, is warning that the sub-prime market is in crisis, and runs the risk of becoming the next big miss-selling scandal.The recently announced Financial Service Authorities investigation into the market he says will uncover how a significant number of brokers are miss advising clients to take out sub-prime mortgages, when […]

Image revamp for SMF

Packager Specialist Mortgage Funding has relaunched itself as SMF, taking on a new logo and corporate identity in the process.

Orchard & Shipman source 1,500 B2L for Edinburgh Council

1,500 buy to let properties will be made available to City of Edinburgh Council through an ambitious private sector leasing scheme that goes live this week. Through the scheme the authority leases the housing neededthrough one specialist provider who sources the properties from buy to let landlords.Property services group Orchard & Shipman plc has contracted […]

TMO cuts submission fees to 69

TMO has announced that it is cutting submission fees for all sub prime packaged mortgage applications to 69. This offer is available for all sub prime products across its lender panel between now and the end of 2005.Alex Forrester, managing director of TMO, says: Our job is to help our clients to make more money […]


News and expert analysis straight to your inbox

Sign up