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Mortgage Broker News | 16 Jun 2011, 11:00 AM Agree 0
Lendwise – what some brokers call the lender of last resort – is reporting 70-per-cent year-over-year growth in funded volumes for May, as brokers respond to increasingly fierce competition from the banks on rate, rate and more rate.
  • Calgary Agent | 17 Jun 2011, 06:12 AM Agree 0
    I do agree with both Greg and Tom's comments. The industry is more competitive then ever. I don't use lendwise never have. It's the same as Canadiana or these other no frills products they will come back to bite brokers on payout. You are just looking at the single transaction if you are selling these mortgages instead of the long term sustainability of your business. I would rather network for new clients or call an existing one then get into a rate war with a half dozen other mortgage brokers or banks over the internet.
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