Members of the Professional Mortgage Packagers Alliance have seen an increase in business from the GMAC-RFC’s Partners range.
The second quarter of the year showed GMAC-RFC Partners business levels up 25% on the preceding three month level overall.
Jon O’Brien, PMPA director of operations, says: The sub-prime sector is experiencing high demand at the moment, which seems set to continue. PMPA members access to the excellent products services available via the GMAC-RFC Partners arrangement has enabled them to market these benefits successfully and substantially enhance business levels.
“PMPA exists to create powerful and beneficial lender relationships for members, and we are extremely pleased that the GMAC-RFC partnership is working so well to the benefit of the lender, PMPA members, their brokers, and the end customers.
Roger Brown, director of GMAC-RFC Partners says: PMPA members are not alone in enjoying enhanced business levels through their GMAC-RFC Partners affiliation. The growth in our Partner business has been due to Packagers understanding that we are committed to their distribution and will remain so for the future. I hope this is true of all new lenders seeking to court this sector.
PMPA member packagers consist of Countrywide Mortgage Centre, Niche Mortgage Solutions, Creative Mortgage Solutions, ATOM, BDS, Complete, Finance and Mortgage Solutions, The GHL Group, KGB Packaging, Knight Funding, Open Door Solutions, OPM, Premier Mortgage Centre, Premier Mortgage Packagers and Primrose Mortgage Processing.