The Professional Mortgage Packagers Alliance (PMPA) has announced that Praxis has become the latest mortgage packaging firm to join the organisation, bringing its current total membership to fifteen.

Praxis is a leading UK packager, formed in 1994 as one of the pioneers of mortgage packaging/distribution in the UK, with considerable experience in the non standard mortgage market. Along with first charge mortgage loans, Praxis also offers secured loans and commercial lending, and the packager recently launched its web-based sourcing and processing system Fast Forward.

Vic Jannels, Chairman of PMPA commented: “We are delighted to welcome Praxis and look forward to the growth that the overall business model will bring to the Alliance. Melton Mowbray Building Society, the parent company of Praxis, is happy with the move, and we believe this is a good engagement for all parties. From our discussions with our lender panel we are aware that lenders are looking for strong relationships with larger distributors that deliver quality cases, and the size and stature of Praxis fits this model.”

Dudley Aldous, sales and marketing director of Birmingham-based Praxis, said “We look forward to working within PMPA and are confident that we can make a contribution to the future success of the Alliance, while at the same time benefiting from the exclusive products and enhanced fees that it has been able to negotiate, all of which is also good news for our own broker base”

PMPA member packagers are: Praxis, Platinum Lending, Mortgage Match Limited, Countrywide Mortgage Centre, Niche Mortgage Solutions, AToM, BDS, Complete, Finance and Mortgage Solutions, Knight Funding, Open Door Solutions, OPM, Premier Mortgage Centre, Premier Mortgage Packagers and Primrose Mortgage Processing.

Full contact details can be found on the PMPA website: www.pmpa.info