Andrew Seymour, former chief executive of Optoma Mortgage Services, and Connect Mortgage Group are locked in negotiations about establishing a packaging partnership.
Seymour thinks a combination of his experience, contacts and sales team with Connect’s back office system could pay dividends.
He says: “There’s a place for a firm that offers brokers quality services and an experienced sub-prime salesforce.”
Seymour resigned as a director of Optoma on February 27 although he still retains shares in the firm.
He alleges that the packager has been haemorrhaging money as a result of merging with Diamond Lifestyle. Diamond was unavailable for comment as Mortgage Strategy went to press.