Justin Da Rosa is a journalist with Canadian Mortgage Professional.
Believe it or not, lenders are working overtime to outdo each other with increases to broker compensation in a market so often compared to Canada’s.
Unlicensed companies that advertised mortgage referrals through brokers now have more clarity on how to solicit clients.
Meridian Credit Union’s record-low mortgage promotion drew a lot of interest from potential clients, according to the company’s president, and not just for that specific product.
Brokers frustrated by appraisal management companies may have to look to lenders to bring about change.
Brokers and appraisers have both expressed frustration about appraisal management companies, and now the country’s largest provider is responding to broker feedback.
Brokers in hard-hit Alberta may want to be cautiously optimistic about the country’s latest employment figures, as jobs are up in oil country.
Brokers may have a tougher time getting clients qualified for CMHC insurance, but that isn’t affecting the Crown Corporation’s bottom line.
From rivals to partners, two competing brokerages merge under the Dominion banner.
One broker, frustrated by slow underwriting turnarounds, is pleading with lenders to fix the inefficiencies.
Brokers can expect to encounter tighter underwriting for mortgage default insurance in this one province.