August RAMP figures best yet
The monthly figures revealed overall business for 2005 to date for members has increased by 25 per cent. RAMP credits the success to its framework through which members, who are in the main competing with each other in the market, have been able to work together on areas including training, compliance and product design for the good of all members.
The announcement comes after RAMP negotiated a deal with Absolutely Training whereby members can further improve internal staff training by taking advantage of a bespoke e-learning facility, covering areas including mortgage and insurance regulation, and Training & Competence.
RAMP members also fund a separate and independent compliance department, which advises members on compliance matters as well as conducting regular compliance visits to ensure members are operating in line with FSA regulation.
John Rice, managing director of RAMP, said: “Every month this year has seen an increase in business for our members. RAMP has more than proved its value to its members by acting as a focal point for lender activity, product design and compliance overview.”
Andrew Seymour, chairman of Optoma Broker Solutions, agreed that business was indeed booming but added: “It is not the market going up that is causing this, it’s more that the smaller packagers are now drifting by the wayside a bit.
“They are not doing as much business as larger organisations. Larger packagers that are growing and growing are able to supply better products because of their buying power, while also providing better service.”