Following Chatham House rules being observed by the industry big hitters, Trumpo will gladly provide a no names overview.

I must say how fantastically resilient the Mortgage Industry is and as are those firms and individuals that that operate within it. You need lightning fast reactions as a mortgage big hitter, as in the current Mortgage world things are changing by the hour.

One thing that became blatantly clear, is that online technology is the key to the future success for those that operate within the industry, and if your not already in the game you need to be in partnership with someone that is, and quick.

We had some fantastic data shared with us from rating agencies and banks, preditcting the market ahead, and it’s not all doom and gloom. Quite the opposite, there are some fanastic opportunities.

The European mortgage market is relatively robust, and whilst the liquidity crisis is causing some pain for the banks and the specialist/adverse players, the UK housing market is in a position to weather the storm, that’s providing we don’t have any further big economic shocks or Northern Rock type catastrophes.

Trumpo was fortunate enough to have a number of private conversations with key figures in the industry and it became clear that consolidation is the 2008 “must” in Banking and in distribution/broking businesses and their will be some clear winners and losers.

We will unfortunately have 1000’s of further job lossess in the Mortgage industry, mainly coming from non-technologically advanced businesses and those tech savvy remaining to take the strain.

It may seem like a jolly in the sun, but it was the most work orientated event Trumpo has attended in 20 years - this industry has now become professional.

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