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Mortgage Broker News | 17 Jan 2013, 09:00 AM Agree 0
It’s no dead certainty brokers will divert ING deals to Scotia, in fact, argue some, the spoils could go to monolines able to duplicate the lender’s star offerings.
  • Rasa | 18 Jan 2013, 04:47 AM Agree 0
    I would rather go to Scotia than to Merix. Merix has no good Product or Rate other than trailer fees provided client does not break the mortgage before the 5-years are over
  • Robert Stanfield, Invis agent | 18 Jan 2013, 11:36 AM Agree 0
    Rasa, I think you should look more closely at what Merix offers. They may not have the product range of any bank, which no monoline lender does, but the rate options along with the pay options, they beat Scotia all day long. Plus, Merix is hear to build the broker network with brokers as a team, not use brokers to gain market share and hand over the clients to branch staff PRIOR to closing.
  • Merix supporter | 18 Jan 2013, 02:47 PM Agree 0
    So what you're saying is Rasa you'd rather sell your client to a Bank than support a lender who is helping you keep your client? At least I know I'm getting good rates and products at Merix and they're not selling my client visas! Car loans and LOCS. Good luck to you in your quest for longevity in this industry.
  • John Woods | 19 Jan 2013, 04:21 AM Agree 0
    I think MCAP has an opportunity here as many of their features are similar and with some minor changes would put them very close to what ING was offering. If there would bring back Genworth's Alt A then we would have a strong alternative.
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