Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 04 Feb 2013, 12:00 AM Agree 0
A large Toronto brokerage may be leading the way with the launch a flat-fee-per-transaction model for its new centralized underwriting service.
  • A Broker | 07 Feb 2013, 02:53 AM Agree 0
    There are so many agents now that do not know any longer if they have an actual deal or not because thy have no idea how to underwrite or understand the deal. This leads to a gross misrepresentation to the client when you have these people assuring the client the deal can get done simply based on filling in the spaces on an application. If an agent cannot determine quickly if, how and where a deal should be done in the initial conversation with the client and input it into Filogix and off to the lender they should not be in the business.
  • Broker3 | 07 Feb 2013, 04:29 AM Agree 0
    This service is not for new Agents. It is more for experienced Agents/Brokers who are successful in their own right but don't want to spend the money on a full time assistant. Instead, they can send deals through this service, have the Underwriter prepare all the documents, order the appraisal, communicate with the Lenders, process the paperwork and ensure every single detail is accounted for from a compliance stand point. My understanding is SafeBridge only takes full time professional people so this is an elite service and should be treated that way!
  • J. Butler | 17 Jan 2014, 01:17 PM Agree 0
    So 'A. Broker' is saying no one 'new' should come into the industry. Everyone should just be experienced, washed up agents/brokers. Shame...like everything it takes some time to learn and this Safebridge appears not only helps the experience reps, their plan can also help the up and comers who will take over for the washed up ones.
Post a reply