Mortgage 2000 to close traditional packaging business

  • Story by: Sharon Flaherty
  • Magazine: FTAdviser
  • Published Friday , July 04, 2008

Mortgage sourcing company Mortgage 2000 is to pull back from its traditional packaging business from Monday (7 July) to focus solely on soft packaging.

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From 5pm on Monday (7 July), Mortgage 2000, which is the intermediary arm of the Moneysupermarket.com Group, will no longer accept traditional packaged business via its m2-d&p system.

Only soft packaging via its Casemaster technology available via Encore and Trigold will be accepted.

However, Mortgage 2000 confirmed that all business in the pipeline would be processed through to completion and procuration fees would be paid in the normal manner.

Stuart Glendinning, managing director of moneysupermarket.com, said: "Mortgage 2000 is using technology to improve efficiency, allow intermediaries to earn higher proc fees and grow market share. Casemaster allows all these to occur.

"We’d like to thank all the intermediaries that have used our packaging service over the years and we hope they will continue to work with us via Casemaster."