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Mortgage Broker News | 30 May 2016, 08:30 AM Agree 0
With MCAP poised to go public, it could become an even larger and more influential organization in the mortgage industry
  • Victor Simone | 30 May 2016, 10:59 AM Agree 0
    I think more brokers and agents in the business 5 years from now will start looking to lenders with renewal commissions. Also, the other type of lenders that I can see starting to get more share is the broker/monoline lenders like MCAP, First National, Home Trust, Equitable, Xceed, RMG, CMLS, Merix/Lendwise, Street et al. The only bank I see growing from the broker share is B2B.

    Just a hunch, but with banks keeping 85% to 95% of renewals. Using banks is like planting a fruit tree in your neighbour's yard and then expecting to pick the fruit in 5 years.....well, your neighbour might now allow you to pick the fruit, as well as banks not paying you a renewal fee on the business you helped originate.
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