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Canadian brokers and mortgage borrowers are always leery of hidden mortgage fees, but one trend occurring across the pond will shock and surprise industry vets.
Brokers are already bracing for a surge in the number of mortgage specialists entering the channel, with one big bank’s announcement that it will shed 1,500 positions in a drive to achieve “greater efficiencies” – even at a cost of $148 million.
Canadian First Financial Group announced Monday it is expanding its retail banking operations by adding seven locations in Western Canada.
A new piece of technology will help arm brokers with the ability to virtually walk clients through their dream home – adding another layer to the broker/client relationship.
The hot market often blamed for a potential housing bubble has recorded record sales numbers once again, indicating that if said bubble exists it may only be getting bigger.
With the overnight rate expected to see its first hike since 2010 in the near future, brokers may take a lesson from one expert who admits he made a mistake when picking his own mortgage.
Conversation on MortgageBrokerNews.ca evolved from a discussion about underwriting exceptions to one about monolines vs. big banks and two brokers discussed their individual reasoning for supporting one or the other.
Tightened lending requirements have forced brokers to rethink some of their client management strategies, and two leading professionals speak about the importance of transparency.
A recently released statement from FSCO warns brokers about messages being sent through Kijiji by a person or persons impersonating the organization.
Brokers may view material flashiness as an outdated requirement for entrepreneurial success, with several contradicting what was once a popularly-held belief.