Too many cooks in the packager market

The list of packagers in question was so large it would have been easier to record those it didn’t do business with. Where’s the problem? Surely the huge directory of business partners bears testament to the excellent business the lender was writing? Perhaps it shows it would be easier for brokers to find a packager they could deal with? No. The truth is packagers can be signed up to a panel with ease – but whether or not they will add value is a different matter. Having hundreds of packager relationships can do a lender more harm than good. For starters it becomes increasingly diffic...