Paradigm Mortgage Services has announced it has increased its number of member firms by 10.9%, up to 1,544 from 1,392 at the end of March 2019.

In its annual results for the 2019-20 year, the mortgage services proposition also revealed that it grew its associated gross lending completion figures by 17.5% from £8.39bn to £9.86bn.
 
During the 12 months, the results showed that Paradigm increased its mortgage application gross lending figures by 19.7% to £10.89bn, and grew its procuration fee income by 19%.
 
“In a very true sense, the 2019-20 year was bookended by two very different, but incredibly challenging, events,” Paradigm Mortgage Services chief executive, Bob Hunt, commented.
 
“We’re all acutely aware that the return to any sort of housing market ‘normality’ will take time, but we continue to provide significant levels of support and advice to our member firms about how they can work through this period and continue to write business and generate income.
 
“It is still difficult to forecast what the likely total impact will be, however, my team and I are determined to continue to work towards delivering a high level of service and support to our growing and first-rate intermediary businesses, and in turn their clients.
 
“We are fortunate to have an experienced and efficient staff within our compliance, mortgage, protection and technical functions and we remain in very good shape not just to navigate our way through this situation, but to deliver continued growth across all key metrics.”

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