Role of packagers remains crucial says Platform

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Packagers remain crucial to the mortgage industry new research from Platform reveals.

The non conforming lender claims the role of packagers in the intermediary mortgage sector will remain important for the foreseeable future and that the primary reason for using packagers is to take advantage of their knowledge of lenders and their access to exclusive mortgage products. It says 62% of respondents to its survey said the amount of business they would submit to packagers would either increase or remain the same over the next 12 months. Platform also claims the majority of respondents (42%) said they use packagers most for non-conforming business, then mainstream business (23...

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