Expo: Packagers and networks warned of need to evolve

Martin Reynolds, head of sales at BM Solutions, told delegates at the Mortgage Business Expo in London while he believes packagers have done well to survive one year after regulation, packagers need to offer more in order to keep afloat. “There is still a role for packagers but one that needs to continue to evolve to fit into the regulatory environment. They need to become what has been termed super packagers,” he says. Reynolds also warns lenders are looking at their packager panels so there is the likelihood of some packagers being removed from lender panels simply as “a course of no...