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Mortgage Broker News | 08 Jul 2015, 08:50 AM Agree 0
Whether it’s CAAMP or the recently launched CMBA, brokers are calling on national associations to go to bat for them with the big banks.
  • Suneel Bakshi | 08 Jul 2015, 11:04 AM Agree 0
    I strongly believe the more choices we have for lenders it will be better. But the fact that banks have their own Mortgage Rep and we will be competing with them. If the big banks take it as a healthy competition they will be benefitted.
  • Ron Butler | 08 Jul 2015, 12:07 PM Agree 0
    I know some banks review the option of using the brokerage space on a fairly constant basis, although I highly doubt RBC does very often.

    We need to understand that banks like CIBC and BMO who do not operate in our space reach their own decisions in these matters for their own reasons and no amount of any association lobbying will have any influence. These two banks have a very clear understanding of mortgage brokerage operations and if they reach the conclusion they should return to our space they have a easier platform than ever before to do so, they can just call Mr. Smith.
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