The two directors of finance marketing agency LUXMedia have joined forces to launch specialist packager White Label Money.
Darryl Dhoffer and Travis Hurlock have also enrolled the help of Jaxon Stevens who has ten years experience of the specialist markets, and will work as sales director.
The packager will focus on equity release, IVAs, bridging loans, commercial loans and secured loans.
Stevens says although there is a doom and gloom feeling around the industry at the moment he feels there are still products available and thinks that by having a broad range of products it will be able to assist brokers.
He says: “We are well aware of the uncertainty in the market but by knowing what we are doing, we hope that it will stand us in good stead to build the relationships we need to.
“I have had various conversations about setting up a packager, but we felt now was the right time to do it, I have known from my previous roles what is needed from a packager.”
Stevens says that it hasn’t had a problem establishing agencies with a lot of the lenders and his past experience of working at secured loan master brokers and within the financial industry has helped it with its ties.