Andrew Seymour, former chief executive of Optoma Mortgage Services, is in talks with Connect Mortgage Group about establishing a packaging partnership.
He will bring his contacts, sales team and experience to the Group’s back-office system.
Seymour says: “There is a place for a company that offers brokers quality service and an experienced sub-prime sales force.”
Seymour, who left Optoma on February 27, says the packager has been haemorrhaging money as a result of merging with Diamond Lifestyle – a processing firm he says cannot handle Optoma’s service load.
Diamond was not available for comment at time of writing.