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Openwork now in GMAC-RFC’s top four distributors

GMAC-RFC has revealed that since launching a year ago for directly submitted business with Openwork it has surpassed 775m in applications.

These results place Openwork amongst GMAC-RFCs top four mortgage distributors.

Within the 12 months that GMAC-RFC has been working with Openwork, it has already climbed up Openworks league of lenders in terms of completions, with the latest figures revealing GMAC-RFC is currently placed in 7th position for 2006.

Peter Izard, senior manager corporate accounts at GMAC-RFC, says: These results are truly fantastic and are credit to the hard work of all staff at GMAC-RFC.

We have used effective use of marketing, utilizing cutting edge technology and having innovative and competitive products to ensure that Openwork members endorse GMAC-RFCs overall market strategy whole-heartedly.

Paul Shearman, mortgage proposition director at Openwork, says: GMAC-RFC have been inspirational in the way it has launched and worked with Openwork in delivering these amazing results.

They have laid down the blueprint for any future lenders to follow and for some of the more established lenders to aspire to.


CMC signs up to PMPA

Countrywide Mortgage Centre is the latest packaging firm to join The Professional Mortgage Packagers Alliance. Situated in Bedford and part of UK estate agency and financial services group Countrywide, CMC has a direct-to-consumer operation, a packaging business that services brokers across most of England and deals with mortgage applications to non-panel lenders that originate from […]

Assetz BDM

Property investment specialist Assetz has recruited Nick Booker as its business development manager, with the task of raising awareness of the Assetz property funds within IFA networks.

Rating downgrade was warning shot

This week my column carries a health warning – it contains scenes of mild peril and references to securitisation.

West Brom gives prize to broker

West Brom for Intermediaries, the specialist intermediary lending arm of the West Bromwich, has presented Robin Mazumder of Blue Horse Finance in Sutton Coldfield, with an iPod MP3 player. Mazumder was amongst the first brokers to submit an application to West Brom for Intermediaries via its recently launched website Although Mazumder pressed his submit […]

piggy, cash, money

Reassuringly focused on claims

By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]


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