PTP volumes 136% up on March 2007

Personal Touch Packaging processed 700 mortgage applications this month – a 136% rise on its March 2007 volumes.

This means PTP has processed more than 10,000 mortgages since it opened in January 2006.

Rob Jupp, managing director of PTP, says: “It’s great to be able to go to market with such a positive statement in what is a challenging time for all of us.”

He says the firm targets low margin, high volume products and is still able to place a healthy amount of sub-prime business despite dwindling deals.

But Jupp admits earnings per case were significantly down in Q1 compared with the same period last year.

He adds: “We have to do twice as much business to protect our profit margins but business partners such as Mortgage Express and BM Solutions have allowed us to slash our processing costs thanks to their excellent systems.”

Jupp says the packager is looking forward to aggressive growth following the launch of its revamped software.